Estate and Elder Law

Recent Posts

Ask Liza: Annual Gifts and Lifetime Gifts
Posted on 14 Jun 2013 by Liza Weiman Hanks

Dear Liza, I would like to give my son $200k to upgrade homes. Can me and my wife each give $13,000 to my son, daughter in law, and two grand children? That would be $102,000, and then apply the remaining $98,000 to the unified tax credit. Can I write... Read More

Ask Liza: Capital Gains Taxes on Appreciated Property
Posted on 3 Mar 2015 by Liza Weiman Hanks

Dear Liza: My mother gave her house to my sister just before she passed away. My sister is going to sell the house. Do we have to pay taxes on that? If your mother’s house had appreciated in value between the time your mother purchased it, and her... Read More

  • Blog Post: Ask Liza: Annual Gifts and Lifetime Gifts

    Dear Liza, I would like to give my son $200k to upgrade homes. Can me and my wife each give $13,000 to my son, daughter in law, and two grand children? That would be $102,000, and then apply the remaining $98,000 to the unified tax credit. Can I write it all in one check for the four of them? You...
  • Blog Post: Ask Liza: Capital Gains Taxes on Appreciated Property

    Dear Liza: My mother gave her house to my sister just before she passed away. My sister is going to sell the house. Do we have to pay taxes on that? If your mother’s house had appreciated in value between the time your mother purchased it, and her death, then the answer is yes. I can’t answer...