Is Estate Planning Expensive?
As with most legal questions, the issue as to the expense of estate planning is not a simple one to answer. There are many components to estate planning and they are largely dependent upon the client’s needs and wishes, as well as the nature of their assets and how they are held. At the very Read on…
How Much Cash Can Be Gifted to a Family Member Annually?
It is important to note that an individual can gift up to $14,000.00 annually to a family member, or to as many family members or friends as they wish without incurring any gift tax liability. This annual exclusion amount of $14,000.00 is valid for 2014, and can be $28,000.00 for a married couple should they Read on…
When Am I Subject to Paying Gift Taxes?
It is often a common question when deciding various estate planning techniques as to how much I can gift to a loved one, family member, or friend, and what the gift tax liability might be. To be clear, the liability for the gift tax rests with the one who is donating the gift (the “donor”). Read on…