Tax
Nov. 2, 2021
If you squander this once-in-a-lifetime chance to make tax-free gifts, you’re not a bad person
Congress recently floated a proposal to halve the estate and gift tax exclusion, effective January 1. As of this writing, this language has been cut. Still, many clients feel rushed to make gifts before year-end in case the tide should shift again. However, this time crunch has also led to a troubling trend.
In September, Congress floated a proposal to halve the estate and gift tax exclusion, effective January 1. As of this writing, this language has been cut. Still, many clients feel rushed to make gifts before year-end in case the tide should shift again.
However, this time crunch has also led to a troubling trend: Some clients tell me they are coming under uncomfortable pressure from family to make large gifts. If they resist, they are prodd...
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