New Gift Tax Break

Having a net worth of S1 million, or maybe even $2 million, does not give you entry into such a small exceptional group as used to be the case. By some estimates, between 5 and 6 million American households have a net worth of at least $2 million. This means that currently there are considerably more people who should consider how best to shield their money from the IRS and pass it on to their heirs, assuming that is their wish. One such strategy that just became more attractive, due to new federal legislation, is the making of gifts during one's lifetime. Among the significant pieces of the new federal tax law that was passed in December … [Read more...]

Filed Under: News Tagged With: Gift Tax

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New Gift Tax Break

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The Attorneys of the Law Offices of A.J. Glassman specialize in Contingency Cases including Personal Injury, Business, Employment and Real Estate Disputes including Litigation and Defense.