Browse all the Lawforwa Resources on Real Estate and Your Home

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Questions answered by the resource:

Estate and Gift Tax
http://www.nolo.com/lawcenter/ency/article.cfm/obj
Source: Nolo

Answers to frequently asked questions regarding estate and gift tax.
full description

• Will my estate have to pay taxes after I die?
• What are the rates for federal estate tax?
• Are there ways to avoid federal estate tax?
• Can I just give away all of my property before I die to avoid estate taxes?
• Do some states impose death taxes?
• Can I avoid paying state death taxes?

Reducing Estate Tax through Gifts
http://www.nolo.com/lawcenter/ency/article.cfm/obj
Source: Nolo

General information regarding using gifts to reduce the amount of estate tax that may be owed upon death.
full description

• How can I reduce the likelihood of estate tax liability upon my death?
• How much can I give to a person per year without incurring taxes?
• How does giving gifts reduce the amount of estate tax that I may owe at death?
• How does the Annual Exclusion work?
• Can both people in a 'couple' give gifts of the exclusion amount to the same person?
• How does the Double Exclusion for couples work?
• How much can be given to a 'couple' in a year without incurring taxes?
• Can I make a gift to my spouse without incurring taxes?
• What property should I give away in attempt to reduce future estate taxes?
• What is a 'tax basis'?
• Is it better to make a gift of property that has increased in value or property that is expected to increase in value?
• What does 'carry-over basis' mean?
• What should I know about giving gifts to young children?
• Do gifts to children qualify for the Annual Exclusion from tax liability?