For those who are eager to give away money while they are alive and well, you’ll be happy to hear that new gift tax exemption numbers for 2015 have been released by the federal government. For those eager to receive money, you’ll be thrilled to hear that the limits have gone up to account for…
Category: Minnesota gift tax law
Minnesota Estate Planning: Who To Tell About Your Estate Plan
If you’ve taken the important step of meeting with a Minnesota estate planning attorney you should be congratulated. It’s an important step that far too many people put off. But now that the plan is drafted and formally prepared, you may be wondering who you should tell, if anyone. There are two basic strategies that…
Minnesota Estate Planning Law: How Does The Gift Tax Work?
As many people age they want to experience the happiness that comes from seeing those they love taken care of. Though passing money along through a will is one means of achieving this end, others prefer to take a more direct approach and give money to loved ones while they are still alive. It might…