By the Family Wealth Management Group
Although the end of the year is several months away, it is time to think about taking advantage of the generous tax savings that may be available for 2012 only.
The 2010 Tax Act made significant changes to...
planning is an important factor in a family estate plan. In this Analysis, Harvey
Frutkin discusses gift taxes and transfers in general, exclusions, exemptions,
and deductions for family gifts, and the economics of family gifts. He writes:
The holiday season hits Americans just as the tax year is coming to an end. While most people are distracted with buying gifts for their friends and families, they could be enjoying tax deductions by making smart year-end gifts :
Choose a qualified...