Many people are making gifts before the end of 2012 to take advantage of the disappearing $5.12M gift tax exemption ($10.24M for a married couple). When figuring out the maximum amount that can be given, gifts from prior...more
With December 31st approaching quickly and the large $5,120,000 gift tax exemption disappearing, many clients are scrambling to make year-end gifts. Our advice has been to make every effort to get appraisals by the end of...more