Tag: Gift Tax Return

We Want to Draft Your Legacy

When are You Required to File a Gift Tax Return?

May 5, 2022
When do you need to file a gift tax return? The IRS wants to know how much you are gifting over the course of your lifetime. This is because while gifts may be based on generosity, they are also a strategy for avoiding taxes, including estate taxes.
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How Do You Keep Inheritance Money Separate?

January 19, 2021
Everything each spouse earns during their marriage is community property. Fortunately, a gift or inheritance is separate property. However, that’s only half the battle.
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