3 ms·
What's the hit on passing your estate to your kin BEFORE you die?
by msie 16y ago
What's the hit on passing your estate to your kin BEFORE you die?
- shasta 16y agoGift tax is similar (has been 45%, might go up), on amounts over $10,000.
- theli0nheart 16y agoIt's now $13,000 as of last year, I believe.
- IdeaHamster 16y agoCharitable giving is exempt, though...
- d2viant 16y agoAnd if it's a married couple, that's per person, not per estate.
- d2viant 16y agoDepends on how you do it. There are lots of ways to transfer assets down to the next generation to avoid tax. I won't list them all here, but the key point is that most of them take time to implement and the important part is to plan ahead and not wait until you're nearing the end of your life.