Crummey Withdrawal Notices - What Should You Do?
With the 2013 year upon us, several events have occurred. One is an individual can now gift up to $14,000.00 per donee, per year, without being subject to gift tax. This amount is referred to as the Annual Exclusion. One drawback is that gifts in trust are not eligible since the gift must be outright.
Please continue to the full article for more information on this important topic.