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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Op, How much money do you have? $14m? Then you have enough to talk to an estate attorney. [/quote] Actually if it's a couple and they have 2 children, they can each gift up to $13 million to each child before triggering gift/estate taxes. So it would take $52 million to be relevant. A few states do have estate taxes, though.[/quote] Nice try, but you cannot gift $13m to EACH kid. You are thinking about the yearly gift allowance. Where you can gift $18K to each family member (or anyone) and each spouse can do it. So if you have 2 kids, each are married, then you can gift $36K to each kid and $36K to their spouses. ($144K), And the same $36K to each grandkid That is what we do already. Simple way to spend down while alive, and let the kids/grandkids use it when it matters most (20/30s for kids and the GK from birth onwards---knowing their 529s will be fully funded for $90K college currently) [/quote]
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