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The Street: “Individuals looking for a simple and effective way to reduce their future taxable estate should consider the annual gift exclusion. What is the annual gift exclusion and how does it work? Every U.S. citizen is allowed to give anyone $13,000 (2012 level) a year without incurring either [...] Newsobserver.com: “The end is near. The end of the Bush tax cuts that is. Are you ready? The current tax code allows an estate to pass $5 million per person, $10 million per married couple, tax free. Over that the tax rate is 35 percent. The last time the tax rate [...] CNBC: “If you’re a wealthy American who’s planning to hire an estate or trust attorney later this year, here’s a thought: Good luck. You’re going to need it. That’s because the transit of Venus of estate planning is passing through, and by the New Year it is likely to be gone. [...] Wicked Local Dedham: “Graduation season is as proud a time for grandparents as it is for parents. Grandparents, especially this year, can take special pride by helping their grandchildren pay for college. And by “gifting” grandchildren money for college, they can get a gift in return. In addition to the satisfaction [...] |
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