Beware of Gift Taxes When Giving Money To Your Children.
Estate Planning Insights With Marisha Charbonnet
Current tax law allows people to provide annual gifts of $16,000 per person without incurring a gift tax. Gifts above that amount can trigger a tax liability to your estate when you pass away.
Want to help your kids with the down payment to buy a home? Listen and learn how you can minimize the impact of gift taxes.
Click Below To Listen To The November 5th, 2022 Radio Segment on Your Real Estate Life