In 2024, the annual exclusion for gifts is $18,000 per recipient, allowing individuals to give up to this amount to as many people as they wish without incurring gift taxes.

The generational shifts shaping holiday shopping . With a whole lot of spending power to wield, Gen Z and millennial consumers will be among the biggest gift givers this year, according to our survey.

Purposeful Family Gifting . July 19, ... As a wealth planner, I have seen significant changes in how older generations are gifting over the past few years.

My mother never had substantial savings, investments or anything of value other than her house. It was her wish to pass on ...

However, for children age 24 and over gifting appreciated stock may result in some significant generational financial planning to reduce the extended family's taxes owed.

Owning and operating a family business presents many challenges, perhaps none more daunting than planning for succession to the next generation. This challenge may become particularly complicated w… ...

A generational wealth transfer is underway. If you haven’t heard about the trillions of dollars currently “in motion” between generations, you have been living under a rock. Cerulli ...

Gifting interests in a closely held business can be an effective estate planning technique. It can save on estate taxes and reward family members for their hard work in running the family business ...

These strategies might include establishing trusts, gifting assets during one’s lifetime […] The post Generational Wealth Transfer Strategies to Consider appeared first on SmartReads by ...