Gifting to Children Properly | Wills, Trusts & Estates Prof Blog | 12/16/11

Pile of gorgeous gifts

Image via Wikipedia

‘Tis the season to give! Many parents will consider making large gifts to their children. Thanks to Linda Stern | Rueters, parents can make smarter moves when it comes to making proper gift and not break any tax rules.

Stern’s Tips Include:

— Act now. “Use it or lose it,” The $5 million lifetime gift tax exemption expires December 31, 2012, and it could revert to $1 million then.

— Take advantage of lower values. Maybe the family vacation home was worth $600,000 in 2007, but it’s worth $400,000 now.

For the list of tips see Gifting To Children Properly from Wills, Trusts & Estates Prof Blog: Real Property, Trust and Estate …

, Stern Advice: Once in a Lifetime Gifting Opportunities,


About vinhsu

Center City Philadelphia General Practice Law Firm with emphasis on Criminal Defense, Family Law, Immigration, Real Property, and Wills/Trusts/ Estate Planning. Licensed in Pennsylvania and New Jersey.
This entry was posted in Appeal/ Trial Errors, Immigration Resources. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s