Reply to Does your social circle have a lot of family money/trust funds?

Forum Index » Money and Finances

Reply to "Does your social circle have a lot of family money/trust funds? "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]
Oh and I’ll add that our private school has many grandparents helping with tuition. [/quote]

This can be for tax reasons. We can very easily afford private school, but the grandparents pay because payments for education don't count towards any gift tax limits at all, and it helps them reduce the size of their estate. While right now their estate is under the current estate tax limit, there is routinely talk at the national and state levels of lowering this limit, so they may indeed hit the limit in the future.[/quote]

The 2026 sunset provision will be cutting the federal tax exemption in half.      The gift tax exemption will also be cut in half.  Right now a married couple can gift $36,000 per person. Unless Congress acts it will also be cut in half.  [/quote]m

If you want to keep the estate tax limits as they are now, then for all that is holy, please do not vote Democrat in the upcoming election. If you want to have your wealth forcibly redistributed to the masses then by all means vote blue. But don’t complain when they come for your hard-earned money.[/quote]

There are so many safe, legal ways around that with trusts.  In fact, in many states, there are also state estate taxes, typically starting much lower than 13M, so many of us already do that to protect our estate (even at a few million).  Very easy to protect your money from "death taxes".  Any good estate lawyer will help you set that up
[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics