Gifting in 2010?—Consider the Math


Individuals with substantial assets may find that the current “bargain” transfer tax rate, which is set to increase on January 1, 2011, provides strong incentive for making gift transfers before year end. This is especially true where gifts to grandchildren are concerned: the benefit of a 2010 gift is greatest with outright gifts to the “skip” generation, since no GST tax applies this year.

Partner Tracy Green Landauer, a member of Pryor Cashman’s Tax and Trusts & Estates Groups, has written an informative Legal Update entitled Gifting in 2010?—Consider the Math.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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