There are taxes on significant asset transfers in the United States. We have a federal estate tax, and we also have a federal gift tax. The gift tax exists to stop people from giving gifts to avoid the estate tax. Learn more about annual gift tax exclusion in this presentation.
Stephen A. Unsworth is admitted to practice in both Vermont and Maine, and has more than 30 years of experience in estate planning and business law. His mission is to provide quality estate planning services, including assistance with Living Trusts, Wills, Medicaid Planning, Probate, Trust Administration, Powers of Attorney, Special Needs Planning, and Family Limited Partnerships.
Latest posts by Stephen Unsworth (see all)
- What Is a Step-Up in Basis - November 23, 2020
- Can You Change a Trust? - November 11, 2020
- Overview of Medicaid Spouse Allowances - November 4, 2020
