QUESTION
How much money can they gift to their children without any gift tax liability?
Asked on Jun 06th, 2017 on Estate Planning - Nebraska
More details to this question:
Someone has $3.5 million they accumulated over 50 years and they have three children and 4 grandchildren.
1 ANSWER
The amount exempt from gift tax changes periodically. I believe that currently gifts up to $14,000 per year per person are exempt.
Answered on Aug 24th, 2017 at 6:08 PM