When it Pays for Married Couples to Split Gifts When it Pays for Married Couples to Split Gifts
Amid political uncertainty, you can’t know whether the federal estate tax will be eased or even repealed altogether. In this situation, it makes sense to reduce your taxable estate.
You can do so by giving away assets. A gift tax applies, but you can find shelter by using the annual gift tax exclusion and the lifetime gift tax exemption. These tax breaks enable you to shed assets from your estate without paying tax.
Split decision
Married couples have double ...
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