However, the new regulations, scheduled to take effect next January, will cut this exemption in half to $7,500. This move is ...

skynesher / Getty Images A gift in trust is an indirect ... The purpose of a gift in trust is to avoid gift/estate taxes, as there is a lifetime gift/estate tax exemption limit.

Editor’s note: This is part 10 of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially ...

Since the start of the current federal administration, there has been much discussion on potential changes to the tax code primarily focusing on the expiration of the 2017 Tax Cuts and Jobs Act at the ...

However, our opinions are our own. See how we rate tax products to write unbiased product reviews. Federal gift tax may apply when someone gives a gift — of cash or any other type of property ...

Shapecharge / Getty Images A qualified personal residence trust ... home from their estate in order to lower the amount of gift tax they must pay when they transfer assets to a beneficiary.

Unless Congress acts, on Jan. 1, 2026, the estate, gift and generation-skipping transfer (GST) tax exemption amounts will be cut in half. A decrease in the exemption amount could result in ...