How Much Can You Give Away and Not Pay Taxes?

How Much Can You Give Away and Not Pay Taxes?

After staying the same for five years, the amount you can give away to any one individual in a year without reporting the gift has increased for 2018. The annual gift tax exclusion for 2018 is $15,000. This means that any person who gives away $15,000 or less to any...

Is Your Will/Trust Done, or Done RIGHT?

Is Your Will/Trust Done, or Done RIGHT?

Most people think that filling in blanks on a Will, Trust, Power of Attorney, etc. is all that’s necessary. Although those documents are “done,” I often find that they’re not done “RIGHT.” Common wisdom is that a Will, Trust, Power of Attorney, and Healthcare Power of...