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Old 11-22-2016, 02:34 PM   #6
alnorth alnorth is offline
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Join Date: Dec 2002
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The only time giving money to family members starts to make sense (as far as taxes are concerned anyway) is if you have a MASSIVE estate worth well over $5.5MM, and you are getting close to death.

If you are not super-rich then schemes to give lots of money to lots of people are dubious, unless you are just being charitable.

The estate tax exemption is currently about $5.5MM and you can currently give away $14,000 per person per year without lowering that. So, say you have an estate worth $7MM, if you gave $14K/year to 10 people for 15 years you'd probably lower your estate's value below the estate tax exemption.
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