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Estate planning: Give your money away now — save taxes
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Gifting assets or property to avoid care fees - Which?
WebJun 5, 2012 · You should sit down with an estate planning attorney before you start giving away assets. Having said that 2012 presents some special estate/gift tax opportunities for families. The federal exemption is $5,120,000 this year but under the law will go back to $1,000,000 in 2013 and the federal estate tax bracket will kick in at 45%!. WebA good starting point for any ‘giving while living’ strategy, says Ringham, is to gift a small portion of your wealth to a loved one or charity now. Individuals in the U.S. can give up … WebNov 29, 2016 · The best method to use will depend on your individual circumstances and needs. 1. Leave the house in your will. The simplest way to give your house to your … cst 10 22 automatic bolt stop