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.

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

Generational wealth refers to assets passed by one generation of a family to another, such as stocks, bonds, ... United States Gift (and Generation-Skipping Transfer) Tax Return." Page 21.

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 ...

2. Align Generational Investment Philosophies. Advisors should proactively facilitate conversations between older and younger generations to reach common ground on investment goals and risk tolerance.

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 ...