Sentences with phrase «assets given as gifts»

Gift tax — A federal tax on assets given as gifts.

Gift tax — A federal tax on assets given as gifts.

Not exact matches

My parents gave me the gift of critical thinking, and it's been my greatest asset as an entrepreneur.

Even with such a low % of the population affected, taxes like this are hard to enforce and not so hard to legally avoid or reduce - for example, wealthy French people keeping wealth in neighbouring Belgium is common, as well as buying exempted assets, giving «temporary gifts» and other such techniques.

GIFTS OF STOCK — Many donors realize a significant tax advantage when giving a gift of long - term appreciated assets, such as publicly traded stocks, securities, or mutual funds.

This is a policy that's meant to make sure you don't avoid having your heirs pay taxes by giving away assets as deathbed gifts.

If you're not sure how to structure things, ask your lender for guidance and to give specific examples of assets you should account for, such as checking and savings accounts, retirement and pension accounts, brokerage accounts, college savings funds, and financial gifts from friends / relatives.

Since many estates now fall under the 2013 federal exemption amount of $ 10.5 million, the need to remove assets from your estate by giving them as gifts may not be as critical as it once...

Since many estates now fall under the 2013 federal exemption amount of $ 10.5 million, the need to remove assets from your estate by giving them as gifts may not be as critical as it once was.

Mr. Hafen's practice includes advice regarding sophisticated tax, estate, asset protection, and business planning strategies, including the preparation of documents such as wills, living trusts, durable powers of attorney, healthcare directives, asset protection trusts, irrevocable life insurance trusts, gift programs, grantor retained annuity trusts, education trusts, family limited partnerships and limited liability companies, generation - skipping transfers, charitable giving, charitable remainder trusts, private foundations, property agreements, and prenuptial and postnuptial agreements.

If your special needs child acquires assets as a beneficiary (including gifts and inheritances) of over $ 2,000 or more at any given time, he or she will no longer be eligible for Medicaid, and they will have to dispense with the gift or inheritance before they can reapply.