Most have heard the saying that death and taxes are the two certainties in life. These two certainties may collide upon your death depending upon the value of your estate and the gifts you have made during your life.
The disposition of your property whether during life (through a gift) or at death requires proper tax considerations and planning. For example, what are the tax implications of gifting property to a loved one? What issues and considerations need to be made when comparing the gifting of property during your lifetime versus allowing your heirs to inherit your property? What benefits may you receive through charitable gifting? What is the value of the gift you have given?
If you are looking for immediate assistance with your specific tax situation, please give us a call to speak with an attorney today.
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