Wed Apr 10 2024, by Tyler Gardner

Tax StrategiesEstate Planning2017 Tax Cuts and Jobs ActFinancial LiteracyWealth Transfer

How to Legally Avoid Taxes on Your Estate

Hey Dad, did you really find another way to avoid paying taxes on our estate?

Yep! Thank you 2017 Tax Cuts and Jobs Act. Your mother and I can now give you and your sister $24.12 million tax free.

And we can give you $32,000 every single year tax free.

Every single year. You, your kids, their kids, your spouses—none of that counts against the $24.12 million.

That's insane!

No, that's not insane. What's insane is I can also pay all of your medical and tuition bills, and none of that counts against the $24.12 million.

And where did you learn about all this?

Just follow Social Cat. He makes complex finance seem easy.

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