Gift Giving
Lifetime gift-giving is a simple and useful method of estate planning, especially if your estate is near $1 million and thus perhaps subject to Minnesota estate tax.
Gifting Tip - Appreciable Assets and Basis
07/10/2011 - Here are some gift giving tips and strategies if you are planning on making a lifetime gift of property, as opposed to money. When you give someone property during your life (like stocks or land), that recipient of the gift gets a "carryover basis" in the property. For example, if you pai...
Simple Estate Planning: Lifetime Gift Giving
07/10/2011 - One of the simplest methods of estate planning is lifetime gifting of money or property. A gift is a transfer of money or property in exchange for nothing or for less than full value. Reduce Estate. Lifetime gifts are a great way to reduce a taxable estate, thus getting money out of you...