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Tag Archives: gift tax

Wealth Gifts to Children: How a “Crummey Trust” May be Right for You

While still alive, many parents and grandparents wish to pass their wealth on to their children or grandchildren: these gifts are also a good way to decrease a taxable estate. In 2010, you can give a child or grandchild $13,000 a year without the subsequent incurring taxes, but you may not want the child directly [...]

How to find an estate planning attorney

Finding an estate planning lawyer is an important step to make sure your family is guided in the right direction and is prepared after your death.

Paying your Estate Taxes

If you have done everything possible to minimize any estate tax liability and ultimately still owe estate tax, the question that often arises is “what is the best way to pay the estate tax?”
One of the most important goals of estate planning is to provide for sufficient liquidity in a decedent’s estate.  In addition to [...]