Tax Implications
Learn about tax implications in estate planning. Discover how trusts and strategic planning may help minimize tax burdens on your family's inheritance.
How much can I give away without paying gift taxes?
You can give up to $19,000 per person per year without triggering gift tax requirements or using your lifetime exemption. This means a married couple can give $19,000 each to the same person in one year. Gifts above this amount require filing a gift tax return, though you likely won't owe taxes until you exceed the lifetime exemption of $15,000,000. Strategic gifting can help reduce the size of your taxable estate over time.
