A record-breaking stock market has again generated significant wealth this year. The gift tax, estate tax and generation-skipping transfer tax are ...

If you’re under 50 years of age, you can contribute up to $23,000; if you are over 50 years old, you can add a $7,500 “catch-up” amount. Advisers recommend that you invest in a globally diversified ...

Provisions within the Tax Cuts and Jobs Act of 2017 that helped wealthy individuals and families pass along sizable gifts tax ...

The federal estate and gift tax exemptions are set to change in 2025, bringing new limits that affect gifting and estate ...

Discover essential year-end financial strategies to increase your savings and reduce your tax burden. Don't miss out!

In 2018, as part of the “Trump tax cuts,” the federal estate, gift and generation-skipping transfer (GST) tax exemption was increased to $11,180,000, with annual increases for inflation.

Contributions to 529 plans may also help address generation-skipping transfer (GST) tax concerns. Since 529 plans can benefit grandchildren or other younger relatives, these accounts can be an ...

gift and generation-skipping transfer tax planning. Searles earned a Juris Doctor from Hofstra University School of Law and holds an LL.M. in Taxation from the University of Miami School of Law.

This year, the federal estate, gift and generation-skipping transfer tax exemption increased to $13.61 million per person, up from $12.92 million in 2023. That’s a total of up to $27.22 million ...

Impact Link Thanks to tax cuts made during the first ... some of America's wealthiest use generation-skipping trusts to avoid paying wealth transfer taxes and provide for future heirs.

In particular, NH Bank will use the Fireblocks Tokenization Engine as it explores integrating digital assets into its VAT and other tax refund processes. This also includes its generation-skipping ...