Learn what you need to know about the contribution limits for 529 education plans, including state caps and tax implications.| Bankrate
Imagine spending your life building wealth, investing in real estate, stocks, or your business, with the hope of leaving a legacy for your children. Then one day, you find yourself wondering: Will the government take a massive chunk of it anyway? If your estate is well above the federal estate tax exemption threshold — $30 million| Financial Samurai
Lending money to family and friends can be hard. It's important to set clear expectations and not to lend so much that your relationship could be ruined.| Best Wallet Hacks
Taxes could hamper your generosity when passing on wealth. Find out how to efficiently give financial gifts to your grandchildren.| Tencap LLC
Join on Raleigh area CPAs as they flesh out the gift tax rate, gift tax limit, exemptions, and tax implications as it rates to the gift tax.| C. E. Thorn, CPA, PLLC
Complying with the annual gift tax limit can save you time and money when you are giving to family, friends and others.| Kiplinger
U.S. persons and their tax return preparers should be aware that U.S. persons who create a foreign trust, or have transactions with a foreign trust, can have both U.S. income tax consequences, as well as information reporting requirements. Failure to satisfy the information reporting requirements can result in significant penalties, as well as an extended time to assess any tax imposed with respect to the period to which the information relates.| www.irs.gov
When you are ready to set up an offshore trust, IRS has strict reporting requirements that need to be followed.| Blake Harris Law
Gifting money to family members is a very kind act. Done properly, you can manage your gift tax exclusion amount and still have many options to give.| Kindness Financial Planning