How to Give Money to Family Without Paying Gift Tax Many people want to help their children or grandchildren financially but worry about gift taxes. The good news is that the tax code provides a simple, legal way to give money — or even valuable assets like cars — without triggering tax consequences or reducing…
Maximize the Current Estate and Gift Tax Exemption Before It Decreases The estate and gift tax exemption is at an all-time high of $13.99 million per person in 2025 (up from $13.6 million in 2024). However, this generous exemption is set to drop significantly—potentially to $7 to $8 million per person—on January 1, 2026, unless new legislation extends it. This looming change…
We want to bring your attention to an important update in estate and gift tax laws that may impact you in the near future. The federal lifetime gift and estate tax exemptions, which currently allow individuals to shield up to $13.61 million and couples up to $27.22 million from estate tax, are set to expire…
My spouse has died, do I need to file an estate tax return? California does not have any estate or inheritance taxes at a state level.
Have you wondered what the federal landscape of estate tax has looked like over the last twenty years? It is helpful to have an understanding of current law and future changes in the law when planning your estate. Please get in touch with us if you have any questions about estate tax and how your…
