Tax Savings Tip – Should you Gift Cash or Stock?


**Check out the accompanying video to this blog post for illustrations on this topic of gifting.

Key Takeaways

  • You may give $14,000 per person every year—$28,000 per person if you’re married.
  • Understanding the difference between gifting cash or stock can save you thousands in capital gains taxes.
  • Couples with above $250,000 AGI now pay approximately19 percent on capital gains, but they pay zero if AGI is under approximately $75,000—that’s key if you’re thinking of helping out on a major purchase.

Death & Taxes – Is There Any Relief?


Domiciling in a lower-tax state may be the answer, but don’t pack your bags without checking the rules carefully.

Key Takeaways

  • Regardless of income, many believe there are two tax systems in the U.S.—one for the informed and one for the uninformed.
  • Tax mitigation is the second biggest concern of the affluent, after wealth preservation.
  • Domiciling in Florida or other low-tax states has a number of advantages for the affluent—but don’t make this decision without doing your homework.