If you believe your estate might be subject to the federal estate tax, one of the easiest ways to reduce the size of your taxable estate is to give individual lifetime gifts. You can give each person up to $14,000 per year, or $28,000 per year if you are married without incurring a gift tax penalty. Learn more about estate and inheritance taxes in Oklahoma – tax, strategies, planning, goals in this presentation.
Latest posts by Larry Parman, Attorney at Law (see all)
- Why Crowdfunding May Cost You Medicaid Eligibility - July 16, 2019
- Beneficiary Designations, etc., Aren’t a True Substitute for a Trust - July 11, 2019
- Does a Trustee Get Paid? - July 9, 2019