Eps 735: Death, Hat And Taxes: Tips To Avoiding Hat

The Internal Revenue Service announced today the official estate and gift tax limits for 2020: The estate and gift tax exemption is $11.58 million per individual, up from $11.4 million in 2019.
When you're doing advanced estate planning-making gifts in excess of $15,000 annual exclusion gifts-you're using your lifetime gift/estate tax exemption.
Don't make the mistake of giving your kids highly appreciated assets to avoid state estate tax, Shoro warns.