In the United States, there are annual and lifetime gift tax exemptions, which can help reduce or eliminate your gift tax liability. In 2023, the IRS permits you to give up to $17,000 of property ...

3) There is still an opportunity to prevent the deed transfer tax from increasing. The tax will need to be removed by ordinance by Allentown City Council at a future meeting. Residents will have ...

If you have ever sought the advice of an estate planning professional, you’ve probably heard of the generation-skipping transfer tax (GSTT). It is likely that you and your descendants will not ...

However, understanding the tax implications is key to ensuring the transfer is both beneficial and legally compliant. Many ...

Deeds must be used to transfer real estate into an LLC or into ... many unanticipated consequences and even harmful legal and tax consequences. Quitclaim deeds are a deceptively simple power ...

require special attention in the context of the transfer tax. The exercise or release of a general power of appointment held by a covered expatriate over property for the benefit of a U.S. citizen ...