Under current federal law the tax increases are scheduled to come January 1st, along with the lowered gifting level.
Many believe the ability to “shift” $5.12 million gift tax free may not soon return. While there is no way to be certain what Congress will do, you may want to consult your financial advisor.
Friends at In2-Solutions Financial Group, LLC were kind enough to provide this PDF with additional information.
This information is provided as a courtesy and not to be construed as an endorsement.
