Estates  and Gifts Planning

---

In 2017, the annual gifting limit per taxpayer & spouse individually of $14,000 to each eligible recipient includes children and grandchildren. The gifting limit is increasing to $15,000 in 2018. Gifting continues to be an excellent way to potentially reduce the value of your U.S. taxable estate as well as future U.S. estate income taxes.  There is an inflation-adjusted exemption of $5,340,000 on U.S. estates. Starting January 1, 2018, the exemption increases to $11.2 million. It should be noted that non-U.S. citizens investing directly in U.S. real estate or holding any other asset in the U.S. such as stocks and bonds etc. are only entitled to an Estate Tax Exclusion of $60,000. Any property valued above that amount would potentially have high estate taxes assessed before the asset can be distributed. Please contact our office for tax planning ideas to minimize your tax and with respect to writing a will.

Back to Services

---