How much appreciation must occur for a gift to provide estate tax savings greater than income tax costs?
The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (TRA 2010) has been described as an estate planning “game-changer,” with its 35 percent rate and $5 million estate, gift and generation-skipping transfer (GST) tax exemption.1 How long these taxpayer friendly provisions stay in the law remains to be seen. Given the uncertainty of the U.S. fiscal posture, one common recommendation professional estate planners give to clients is to make lifetime gifts to use ...
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