episode

#032 Gift Tax: Why Giving Away $15,000 Is a Trap For the Unwary

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Smart Planning 101
Episode #032 Gift Tax: Why Giving Away $15,000 Is a Trap For the Unwary
22:15
 

In this week's episode:

Have you ever heard that you can give away up to $15,000 per person per year to avoid gift tax?

Spoiler alert: the government gives with one hand and takes away with the other. 

Now, as a general statement. This shouldn't surprise anyone, but when it comes to giving away money and other things to your kid, your family, or anyone you want. There really are some unpleasant surprises out there waiting for you. 

What are they? That's what today's episode is all about. 

 

Disclaimer: Although I am a lawyer, I am not giving you legal advice. This podcast is for general informational purposes only.

About the show

Planning isn’t just about getting your will done or going to see your financial planner once a year. SMART planning involves an educated process that incorporates the latest in legal, financial, and healthcare strategies to work toward the most desirable result – the quality of life, throughout your entire life.

The biggest problem, too often, is that “traditional” notions of what is right to do in both legal and financial estate planning don’t always work in today’s world.

I created SmartPlanning101 to help all of us learn how to be better planners for the future – and stay in control. To learn how and when we need to challenge the “status quo” and “conventional wisdom.” To be in a nutshell- “smart planners.”

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