News & Analysis as of September 22, 2024

Gifts

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Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the disposition of assets, guardianship of minor children, and appointment of representatives to make medical and financial decisions. Effective estate planning can decrease tax liability and facilitate the probate process. less -

Planning for College Kids and Young Adults

Stoel Rives LLP on 7/12/2023

As young family members head off to school or leave home for a job, parents and other relatives may wonder how they can continue to support a child or assist with health care or other decisions. Many parents are surprised...more

[Webinar] Gifting Beyond the Holidays - December 12th, 12:00 pm - 1:00 pm EST

UB Greensfelder LLP on 12/5/2022

Gifting is a critical element of estate planning for high net worth individuals. Ulmer Trust and Estate attorneys Kim Stein, Abbie Pappas, and Erica Carducci will discuss gifting methods, including gifts utilizing the annual...more

[Webinar] Year End Estate Planning - December 13th, 3:00 pm - 4:00 pm PST

Stark & Stark on 11/29/2022

Robert F. Morris, Esq. will lead a discussion on important end of year estate planning topics, including: - End of year gifting including annual exclusion gifts; - Strategies for larger gifts; - Charitable gift...more

[Webinar] Year End Estate Planning - December 13th, 9:00 am - 10:00 am PST

Stark & Stark on 11/29/2022

NGE On Demand: GRAT Trusts with Eric Mann

Neal, Gerber & Eisenberg LLP on 3/17/2021

NGE Private Wealth Services partner Eric Mann discusses why estate planning clients might use a grantor retained annuity trust (GRAT) to minimize taxes on large financial gifts to family members. If you have any questions,...more

To Give or Not to Give: Considerations for Year-End Gifting

Cohen Seglias Pallas Greenhall & Furman PC on 1/14/2021

Presented by Cohen Seglias attorney Whitney Patience O'Reilly on December 15, 2020. As we approach the end of the year, individuals face decisions about whether or not to gift money and the potential ramifications for any...more

To File or Not to File? A Gift Tax Return Doesn’t Always Have to be Filed.

Adler Pollock & Sheehan P.C. on 5/13/2020

Now that fewer people are subject to federal gift taxes, because of a generous $11.58 million lifetime gift tax exemption for 2020, a question many are asking is: “Do I need to file a gift tax return?” The short answer is...more

Lower Stock Prices’ Silver Lining: Good Time to Gift Assets

Rivkin Radler LLP on 4/9/2020

The recent stock market volatility due to the coronavirus has understandably caused concern. When the market drops, however, it presents a great estate planning opportunity. Then, it’s the perfect time to gift assets to loved...more

Current Conditions Present Historic Gifting Opportunities; Time to Review Retirement Plan Beneficiary Designations

White & Case LLP on 3/25/2020

The dramatic decline in asset values caused by the emergence of COVID-19 as a significant health threat, combined with historically high gift tax exemptions and historically low interest rates make now an opportune time to...more

IRS Issues Final Regulations Quashing Taxpayer Fears of Clawback on Gifts

BCLP on 1/13/2020

The Treasury Department issued final regulations, citing the Tax Cuts and Jobs Act (TCJA), on November 26, 2019 (Treasury Decision 9884) confirming that taxpayers will not be subject to “clawback” of the value of their...more

To Gift or not to Gift?

Conn Kavanaugh on 12/21/2019

‘Tis the season of giving, and while it is often difficult to find that perfect present for a friend or loved one, gifting as part of your estate plan can be an effective way to pass assets to the next generation. You may...more

Making Gifts for Persons Who Have Special Needs

Chambliss, Bahner & Stophel, P.C. on 11/19/2019

The end of the year is approaching and the holidays will soon be in full swing, a time when many people are getting ready to make gifts to their family members. Not only is this a great way to show love and support to...more

Year End Gifting

Farrell Fritz, P.C. on 12/13/2016

Each December I usually write about year-end gifting, as now is the time that many people think about gifting to loved ones, especially with the holidays upon us. In addition to making you, as well as the beneficiary of your...more

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Estate Planning › Gift-Tax Exemption › Gifts

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