Hello everyone:

I had some questions regarding funding regarding funding strategies using the pecuniary marital deduction formula for the experienced estate planners here. I'm hoping someone can provide some clarity.

When using a Pecuniary Formula in which the Marital share is funded first, why is it that the bulk of the estate with appreciating assets are moved out of the marital share and into the bypass trust?And why does the opposite happen when the bypass trust is funded first?

I'm new to the practice area and trying to make sense of why textbooks say this. Below is the exact language from Lexis Nexis practice guide regarding pecuniary marital deduction formula's that I'm trying to make sense of:

(Marital share being funded first)

(bypass share being funded first)

thanks for any help and insight you can shed!

The Ultimate Stocking Stuffer – The Gift of a GME Share. A discussion with friends and family this holiday season

This is not financial advice. I am not a financial advisor.

Gifting Stock to Family Members: What to Know

by Roger Wohlner

Gifting stock to family members may lack the pizzazz of leaving a luxury car adorned with a bow in the driveway, but it’s a gift that can add value to their lives long after most other gifts have been forgotten.

Gifting stock to family members can be a key part of your clients’ estate planning and can take a number of forms, both during your clients’ lifetime and upon their death. Here’s a look at some considerations when contemplating gifts of stock to family members.

How to Gift Stock

There are a number of methods for your clients to gift shares of stock. The gift would typically be made with an electronic transfer from your client’s account to the account of the recipient of the shares.

In general, the rules for gifting shares of stock discussed here will also apply to gifting ETFs and mutual funds.

Lifetime Gifts

Gifts of stock can be made in lieu of giving cash. The annual gifting limits of $15,000 per person ($30,000 for a joint gift with your spouse) apply, and the value of the stock on the day of the transfer constitutes the amount of the gift.

Gifts in excess of the annual gifting limits will eat away at your clients’ lifetime gift and estate tax exemption, which is currently $11.7 million per person for federal estate taxes. That’s right, that GME gift share (moon ticket) holder has an $11.7 million tax exemption for federal estate taxes!

Trusts

Instead of giving the money to a family member outright, your client might consider using a trust to transfer shares to family members. Depending upon the type of trust used, the treatment of tax and cost basis issues will vary.

Transferring Upon Death

Stocks can be gifted to family members upon the client’s death.

If they are held in a taxable brokerage account, this can be accomplished via the client’s will, a transfer on death designation in a brokerage account, via a beneficiary designation in a trust if the securities are held there, or via an inherited IRA, among other methods.

Again, issues such as taxes and cost basis will vary based on the circumstances.

Tax Implications of Gifting Stock

At

Values

• Classical liberalism, nationalism/patriotism, libertarianism, conservatism, capitalism.
• Life, liberty, private property, tradition, country, and family.

Government Agencies

• Abolish the IRS, Federal Reserve, FEMA, and several federal gov't departments (Agriculture, Commerce, Education, Energy (nuclear goes to defense), Interior, Labor, Housing & Urban Development, Transportation.
• Privatize the FAA and TSA.
• Cut federal workforce by at least 15%.
• Strictly limit/shrink Department of Health & Human Services.

Free Trade

• Strongly support free trade, although in certain circumstances intervention may be necessary for national security/interests.

Monetary Policy

• Abolish fiat currency.

• Privatize money through a commodity-based free banking system.

  • Allow the free market to determine interest rates and money supply.

Budget & Spending

• Cut spending by at least 2/5ths.
• Cut all foreign aid, except for that which is deemed essential for national security/interests and yields a very good return on investment, such as that to Israel.
• Audit and review military budget, and cut out waste, but ensure that we continue to have a mightily powerful military that is ready to secure peace through strength and defend our national interests and allies.
• Mandate that all federal politicians are paid $40,000, except for president who should make $45,000.
• Keep the VA budget at their current level but work to provide veterans better quality care and more choices and options.

Taxation/Regulation

• Replace income/corporate taxes, taxes on capital gains and dividends, estate and gift tax, and property taxes with sales tax (with an exemption on bare essentials), non-protectionist-tariffs, land value tax, and taxes on negative externalities.
• Cut all federal regulations, allow state governments to handle situations where rights are directly violated by force and/or fraud.
• Most important tax to get rid of, though, is inflation.
• Abolish minimum wage.

Healthcare System

• Access is not a right, it's a good/service which value is determined by the free market.

• Defederalize and ideally completely privatize healthcare system.

  • I believe federally funded programs such as socialized medicine are clearly unconstitutional, and although I oppose state funded programs like these, they may not necessarily be unconstitutional.

• Government should not be involved in healthcare at all nor the perso

Greetings to Everyone here.

Starting my FI Journey at the late age of 38. I wanted some advise from the community if I'm going on the right track. Had no idea about FIRE until the age of 35, Spent most of my life on work/study/charity works.

About Me:

• I, (Local, 38, Male), single stream of income from full time job.
• Living together with Partner (33, Waiting for PR). Planning to get married in future
• No children & no intention to have.
• No Dependents except my partner.

Background info:

• Age : 38
• Marital Status : Local living together with Partner.
• Residence : 3RM Resale HDB bought under single scheme (Central)
• My Annual Income : S$130k/annum after cpf deduction.
• Partner Contribution : S$10~12K/annum
• Annual Expenses : <S$30K approx

No intention to :

• Rely on CPF for retirement
• To have SRS since the money will grow faster elsewhere/wish to retire earlier/flexible withdrawal.

Current Savings/Investment:

• 3 Month Salary in bank for emergency
• 10x ETH in hodlnaut (7.46% APY)
• USD$20K in hodlnaut (12.73% APY)
• USD$20K in partner's hodlnaut (12.73% APY)
• USD$15K in Crypto Exchange for casual trading or get CRO and park the rest under CDC.
• S$30K SGD in my CPF OA

Outstanding Bank Loan:

• HDB : S$260K

My Insurance:

• PruLife Multiplier (S$100K) Paying S$350+ cash per month since 2014, payment stops at 2029.

1. Accelerated Terminal Illness (S$100K) Upto 65yo
2. Accelerated Disability (S$100K) Upto 65yo
3. Crisis Cover III (S$100K) Upto 110yo
4. Early Stage Crisis Cover (S$50K) Upto 65yo

• PruShield S$650+ annual deduction from Medisave
• PruExtra S$60+ cash per month

My Partner Insurance:

• NIL at the moment
• Planning to take 1x S$400k term & 1x prushield for her after obtaining PR.
• Planning to take 1x S$400k Term for myself.

After watching several youtube videos/reddit threads & wiki, Decided to do the following from Jan 2022 onwards:

• Monthly investment of S$7~8K or quarterly investment of S$25K thru IBKR.
• Shortlisted the following Ireland Domiciled ETFs(Acc) for growth:

1. LON:CSPX (1st Choice)
2. LON:VWRA (2nd Choice)
3. LON:IUIT
4. LON:CNDX

Additional Thoughts :

Thought of shifting to 4rm or 5rm non-matured HDB in future and rent out 2x rooms for additional income. If this move affects the final goal, may not pursue this.

Final Goal :

To have passive income of S$5000/mth before the age of 50 or earlier if possible, So I'm guessi

has anyone here had their spouse still on their medical plan with a high deductible? we signed a separation agreement dated oct 2021. all debts and income brought in after that date are no longer "marital debt" or marital property. i could literally win the lottery today and she would be entitled to nothing.

i still have her on my medical plan, she works a full time job so she could in theory sign up for her own medical plan last year during open enrollment, but chose not to. we have had the same medical plan for YEARS, none of this is a surprise to her. everything reset with the new year, if she needs to go to the Dr or god forbid has something happen and she is the 1st one in the family to start the deductible the bill could be $1,000s. my deductible is 3900 then 10% after that up to 8k OOPmax.

if she breaks her ankle tomorrow and takes an ambulance and the bill is 10,000 the bill would be 3900 + 610(10% of the 6100). i dont feel like this would be my responsibility in anyway, yes she is on my insurance, but the "bill" would be her debt. we are in mediation, so my lawyer said its really something we would need to come to an "agreement" on. legally speaking, with an executed standstill agreement already in place any medical bills should be 100% her own debt. i know its probably cold and morally wrong but fuck her she cheated and i dont care she should have went on her own medical plan.

Do your worst!

For context I'm a Refuse Driver (Garbage man) & today I was on food waste. After I'd tipped I was checking the wagon for any defects when I spotted a lone pea balanced on the lifts.

I said "hey look, an escaPEA"

No one near me but it didn't half make me laugh for a good hour or so!

Edit: I can't believe how much this has blown up. Thank you everyone I've had a blast reading through the replies 😂

What really struck me is that much of the information that the standard german CV has is illegal in the USA due to discrimination potential. For example, we are taught that a standard CV should have:

• First and last name
• Date of birth -> illegal question in USA -> can deduct age-> age discrimination
• Nationality -> illegal question in USA -> ethnicity discrimination
• Marital status -> illegal question in USA -> discrimination against people with children
• Contact information
• Passport-size photo -> illegal in USA -> ethnicity/gender/looks discrimination

Also in USA you don't put the dates of your university and jobs as an employer could deduct your age. For an internship one of my university colleagues even put the profession of his parents.

Do you think we need to implement the same measure as in USA? or do you think that our society is more tolerant and it doesn't have the same crony capitalism problems as in USA (for example firing a pregnant woman) and such measures are unnecessary.

Pilot on me!!

Dad jokes are supposed to be jokes you can tell a kid and they will understand it and find it funny.

This sub is mostly just NSFW puns now.

If it needs a NSFW tag it's not a dad joke. There should just be a NSFW puns subreddit for that.

Edit* I'm not replying any longer and turning off notifications but to all those that say "no one cares", there sure are a lot of you arguing about it. Maybe I'm wrong but you people don't need to be rude about it. If you really don't care, don't comment.

What did 0 say to 8 ?

" Nice Belt "

So What did 3 say to 8 ?

" Hey, you two stop making out "

I won't be doing that today!

They’re on standbi

You take away their little brooms

This morning, my 4 year old daughter.

Daughter: I'm hungry

Me: nerves building, smile widening

Me: Hi hungry, I'm dad.

She had no idea what was going on but I finally did it.

Thank you all for listening.

There hasn't been a post all year!

Love and marriage, love and marriage, go together like a horse and carriage. This I tell ya, brother, you can't have one without the other. From what I've seen, the opinions of this case mostly range from alright to the worst case of the duology. Let's check out what London's like over halfway into the game by looking back on The Adventure of the Clouded Kokoro.

#History With This Case

When I first played this case, I thought it was alright, being fun and interesting at its core, but a somewhat uncomfortable experience due to how it represented romantic relationships.

This case will be judged by its characters, trial segment, investigation segments, and ??? segment. Character criticism will revolve around the character's personality, role in the story, and their actions throughout the case. Trial segment criticism will revolve around the enjoyability of the cross examinations, and quality of the story being told during that segment. Investigation segment criticism will revolve around the enjoyability of the general investigations, and quality of the story being told during that segment. ??? segment criticism will revolve around the enjoyability of the ???, and quality of the story being told during that segment.

Court in now in session for the trial of The Adventure of the Clouded Kokoro.

#Characters

Ryunosuke Naruhodo

Ryunosuke's fantastic. While his personality still isn't as strong as in G-1, I like how he continues to learn about aspects of London like the lamplights and Scotland Yard. I really like how him defending Soseki parallels his situation in G-2, and I also like how he finally learns what it's like to be a lawyer in London and begin to do what Kazuma would've wanted.

Susato Mikotoba

Susato's okay. Her personality still doesn't work for me, and while I like that she's continuing to be a useful assistant, the abusive relationship theme of this case made the jokes about her Susato Takedown more annoying than in G-2.

Mael Stronghart

Mael's okay. Once again, he feels like he's just here to begin the plot and nothing else.

Tobias Gregson

Tobias is good. I wasn't that interested in his personality, but it was cool to learn about his connection to Herlock and Iris.

Soseki Natsume

Soseki's good. While his personality wasn't that interesting, and his alliteration gimmick was kind of annoying, it was cool to see a Japanese person who spent a long time in London and how his

Hi,

My marital status recently changed and I am planning to file tax returns jointly with my wife. She's not working right now. I have already updated Workday, is there anything else that I need to change/update?

Also, does it reflect on salary slip as well? The tax deduction should be reduced, right?

EDIT:

I am working in California, United States

It’s pronounced “Noel.”

After all his first name is No-vac

What, then, is Chinese rap?

Edit:

Notable mentions from the comments:

• Spanish/Swedish/Swiss/Serbian hits

• French/Finnish art

• Country/Canadian rap

• Chinese/Country/Canadian rock

• Turkish/Tunisian/Taiwanese rap

There hasn't been a single post this year!

(Happy 2022 from New Zealand)

Values

• Classical liberalism, nationalism/patriotism, libertarianism, conservatism, capitalism.
• Life, liberty, private property, tradition, country, and family.

Government Agencies

• Abolish the IRS, Federal Reserve, FEMA, and several federal gov't departments (Agriculture, Commerce, Education, Energy (nuclear goes to defense), Interior, Labor, Housing & Urban Development, Transportation.
• Privatize the FAA and TSA.
• Cut federal workforce by at least 15%.
• Strictly limit/shrink Department of Health & Human Services.

Free Trade

• Strongly support free trade, although in certain circumstances intervention may be necessary for national security/interests.

Monetary Policy

• Abolish fiat currency.
• Privatize money through a commodity-based free banking system.
  • Allow the free market to determine interest rates and money supply.

Budget & Spending

• Cut spending by at least 2/5ths.
• Cut all foreign aid, except for that which is deemed essential for national security/interests and yields a very good return on investment, such as that to Israel.
• Audit and review military budget, and cut out waste, but ensure that we continue to have a mightily powerful military that is ready to secure peace through strength and defend our national interests and allies.
• Mandate that all federal politicians are paid $40,000, except for president who should make $45,000.
• Keep the VA budget at their current level but work to provide veterans better quality care and more choices and options.

Taxation/Regulation

• Replace income/corporate taxes, taxes on capital gains and dividends, estate and gift tax, and property taxes with sales tax (with an exemption on bare essentials), non-protectionist-tariffs, land value tax, and taxes on negative externalities.
• Cut all federal regulations, allow state governments to handle situations where rights are directly violated by force and/or fraud.
• Most important tax to get rid of, though, is inflation.
• Abolish minimum wage.

Healthcare System

• Access is not a right, it's a good/service which value is determined by the free market.
• Defederalize and ideally completely privatize healthcare system.
  • I believe federally funded programs such as socialized medicine are clearly unconstitutional, and although I oppose state funded programs like these, they may not necessarily be unconstitutional.
• Government should not be involved in healthcare at all nor the personal me

The Ultimate Stocking Stuffer – The Gift of a GME Share. Have a merry conversation with friends and family this holiday season

This is not financial advice. I am not a financial advisor

Gifting Stock to Family Members: What to Know

by Roger Wohlner

Gifting stock to family members may lack the pizzazz of leaving a luxury car adorned with a bow in the driveway, but it’s a gift that can add value to their lives long after most other gifts have been forgotten.

Gifting stock to family members can be a key part of your clients’ estate planning and can take a number of forms, both during your clients’ lifetime and upon their death. Here’s a look at some considerations when contemplating gifts of stock to family members.

How to Gift Stock

There are a number of methods for your clients to gift shares of stock. The gift would typically be made with an electronic transfer from your client’s account to the account of the recipient of the shares.

In general, the rules for gifting shares of stock discussed here will also apply to gifting ETFs and mutual funds.

Lifetime Gifts

Gifts of stock can be made in lieu of giving cash. The annual gifting limits of $15,000 per person ($30,000 for a joint gift with your spouse) apply, and the value of the stock on the day of the transfer constitutes the amount of the gift.

Gifts in excess of the annual gifting limits will eat away at your clients’ lifetime gift and estate tax exemption, which is currently $11.7 million per person for federal estate taxes.

Trusts

Instead of giving the money to a family member outright, your client might consider using a trust to transfer shares to family members. Depending upon the type of trust used, the treatment of tax and cost basis issues will vary.

Transferring Upon Death

Stocks can be gifted to family members upon the client’s death.

If they are held in a taxable brokerage account, this can be accomplished via the client’s will, a transfer on death designation in a brokerage account, via a beneficiary designation in a trust if the securities are held there, or via an inherited IRA, among other methods.

Again, issues such as taxes and cost basis will vary based on the circumstances.

Tax Implications of Gifting Stock

At the time the stock is gifted to a family member, there are no tax implications.

However, there are s

The Ultimate Stocking Stuffer – The Gift of a GME Share. A discussion with friends and family this holiday season

This is not financial advice. I am not a financial advisor.

Gifting Stock to Family Members: What to Know

by Roger Wohlner

Gifting stock to family members may lack the pizzazz of leaving a luxury car adorned with a bow in the driveway, but it’s a gift that can add value to their lives long after most other gifts have been forgotten.

Gifting stock to family members can be a key part of your clients’ estate planning and can take a number of forms, both during your clients’ lifetime and upon their death. Here’s a look at some considerations when contemplating gifts of stock to family members.

How to Gift Stock

There are a number of methods for your clients to gift shares of stock. The gift would typically be made with an electronic transfer from your client’s account to the account of the recipient of the shares.

In general, the rules for gifting shares of stock discussed here will also apply to gifting ETFs and mutual funds.

Lifetime Gifts

Gifts of stock can be made in lieu of giving cash. The annual gifting limits of $15,000 per person ($30,000 for a joint gift with your spouse) apply, and the value of the stock on the day of the transfer constitutes the amount of the gift.

Gifts in excess of the annual gifting limits will eat away at your clients’ lifetime gift and estate tax exemption, which is currently $11.7 million per person for federal estate taxes. That’s right, that GME gift share (moon ticket) holder has an $11.7 million tax exemption for federal estate taxes!

Trusts

Instead of giving the money to a family member outright, your client might consider using a trust to transfer shares to family members. Depending upon the type of trust used, the treatment of tax and cost basis issues will vary.

Transferring Upon Death

Stocks can be gifted to family members upon the client’s death.

If they are held in a taxable brokerage account, this can be accomplished via the client’s will, a transfer on death designation in a brokerage account, via a beneficiary designation in a trust if the securities are held there, or via an inherited IRA, among other methods.

Again, issues such as taxes and cost basis will vary based on the circumstances.

Tax Implicati

The Ultimate Stocking Stuffer – The Gift of a GME Share. A discussion with friends and family this holiday season

This is not financial advice. I am not a financial advisor.

Gifting Stock to Family Members: What to Know

by Roger Wohlner

Gifting stock to family members may lack the pizzazz of leaving a luxury car adorned with a bow in the driveway, but it’s a gift that can add value to their lives long after most other gifts have been forgotten.

Gifting stock to family members can be a key part of your clients’ estate planning and can take a number of forms, both during your clients’ lifetime and upon their death. Here’s a look at some considerations when contemplating gifts of stock to family members.

How to Gift Stock

There are a number of methods for your clients to gift shares of stock. The gift would typically be made with an electronic transfer from your client’s account to the account of the recipient of the shares.

In general, the rules for gifting shares of stock discussed here will also apply to gifting ETFs and mutual funds.

Lifetime Gifts

Gifts of stock can be made in lieu of giving cash. The annual gifting limits of $15,000 per person ($30,000 for a joint gift with your spouse) apply, and the value of the stock on the day of the transfer constitutes the amount of the gift.

Gifts in excess of the annual gifting limits will eat away at your clients’ lifetime gift and estate tax exemption, which is currently $11.7 million per person for federal estate taxes. That’s right, that GME gift share (moon ticket) holder has an $11.7 million tax exemption for federal estate taxes!

Trusts

Instead of giving the money to a family member outright, your client might consider using a trust to transfer shares to family members. Depending upon the type of trust used, the treatment of tax and cost basis issues will vary.

Transferring Upon Death

Stocks can be gifted to family members upon the client’s death.

If they are held in a taxable brokerage account, this can be accomplished via the client’s will, a transfer on death designation in a brokerage account, via a beneficiary designation in a trust if the securities are held there, or via an inherited IRA, among other methods.

Again, issues such as taxes and cost basis will vary based on the circumstances.

Tax Implications of Gifting Stock

The Ultimate Stocking Stuffer – The Gift of a GME Share. Have a merry conversation with friends and family this holiday season

This is not financial advice. I am not a financial advisor.

Gifting Stock to Family Members: What to Know

by Roger Wohlner

Gifting stock to family members may lack the pizzazz of leaving a luxury car adorned with a bow in the driveway, but it’s a gift that can add value to their lives long after most other gifts have been forgotten.

Gifting stock to family members can be a key part of your clients’ estate planning and can take a number of forms, both during your clients’ lifetime and upon their death. Here’s a look at some considerations when contemplating gifts of stock to family members.

How to Gift Stock

There are a number of methods for your clients to gift shares of stock. The gift would typically be made with an electronic transfer from your client’s account to the account of the recipient of the shares.

In general, the rules for gifting shares of stock discussed here will also apply to gifting ETFs and mutual funds.

Lifetime Gifts

Gifts of stock can be made in lieu of giving cash. The annual gifting limits of $15,000 per person ($30,000 for a joint gift with your spouse) apply, and the value of the stock on the day of the transfer constitutes the amount of the gift.

Gifts in excess of the annual gifting limits will eat away at your clients’ lifetime gift and estate tax exemption, which is currently $11.7 million per person for federal estate taxes.

Trusts

Instead of giving the money to a family member outright, your client might consider using a trust to transfer shares to family members. Depending upon the type of trust used, the treatment of tax and cost basis issues will vary.

Transferring Upon Death

Stocks can be gifted to family members upon the client’s death.

If they are held in a taxable brokerage account, this can be accomplished via the client’s will, a transfer on death designation in a brokerage account, via a beneficiary designation in a trust if the securities are held there, or via an inherited IRA, among other methods.

Again, issues such as taxes and cost basis will vary based on the circumstances.

Tax Implications of Gifting Stock

At the time the stock is gifted to a family member, there are no tax implications.

However, there ar

The Ultimate Stocking Stuffer – The Gift of a GME Share. A discussion with friends and family this holiday season

This is not financial advice. I am not a financial advisor.

Gifting Stock to Family Members: What to Know

by Roger Wohlner

Gifting stock to family members may lack the pizzazz of leaving a luxury car adorned with a bow in the driveway, but it’s a gift that can add value to their lives long after most other gifts have been forgotten.

Gifting stock to family members can be a key part of your clients’ estate planning and can take a number of forms, both during your clients’ lifetime and upon their death. Here’s a look at some considerations when contemplating gifts of stock to family members.

How to Gift Stock

There are a number of methods for your clients to gift shares of stock. The gift would typically be made with an electronic transfer from your client’s account to the account of the recipient of the shares.

In general, the rules for gifting shares of stock discussed here will also apply to gifting ETFs and mutual funds.

Lifetime Gifts

Gifts of stock can be made in lieu of giving cash. The annual gifting limits of $15,000 per person ($30,000 for a joint gift with your spouse) apply, and the value of the stock on the day of the transfer constitutes the amount of the gift.

Gifts in excess of the annual gifting limits will eat away at your clients’ lifetime gift and estate tax exemption, which is currently $11.7 million per person for federal estate taxes. That’s right, that GME gift share (moon ticket) holder has an $11.7 million tax exemption for federal estate taxes!

Trusts

Instead of giving the money to a family member outright, your client might consider using a trust to transfer shares to family members. Depending upon the type of trust used, the treatment of tax and cost basis issues will vary.

Transferring Upon Death

Stocks can be gifted to family members upon the client’s death.

If they are held in a taxable brokerage account, this can be accomplished via the client’s will, a transfer on death designation in a brokerage account, via a beneficiary designation in a trust if the securities are held there, or via an inherited IRA, among other methods.

Again, issues such as taxes and cost basis will vary based on the circumstances.

Tax Implications of Gifting Stock

At

The Ultimate Stocking Stuffer – The Gift of a GME Share. A discussion with friends and family this holiday season

This is not financial advice. I am not a financial advisor.

Gifting Stock to Family Members: What to Know

by Roger Wohlner

Gifting stock to family members may lack the pizzazz of leaving a luxury car adorned with a bow in the driveway, but it’s a gift that can add value to their lives long after most other gifts have been forgotten.

Gifting stock to family members can be a key part of your clients’ estate planning and can take a number of forms, both during your clients’ lifetime and upon their death. Here’s a look at some considerations when contemplating gifts of stock to family members.

How to Gift Stock

There are a number of methods for your clients to gift shares of stock. The gift would typically be made with an electronic transfer from your client’s account to the account of the recipient of the shares.

In general, the rules for gifting shares of stock discussed here will also apply to gifting ETFs and mutual funds.

Lifetime Gifts

Gifts of stock can be made in lieu of giving cash. The annual gifting limits of $15,000 per person ($30,000 for a joint gift with your spouse) apply, and the value of the stock on the day of the transfer constitutes the amount of the gift.

Gifts in excess of the annual gifting limits will eat away at your clients’ lifetime gift and estate tax exemption, which is currently $11.7 million per person for federal estate taxes. That’s right, that GME gift share (moon ticket) holder has an $11.7 million tax exemption for federal estate taxes!

Trusts

Instead of giving the money to a family member outright, your client might consider using a trust to transfer shares to family members. Depending upon the type of trust used, the treatment of tax and cost basis issues will vary.

Transferring Upon Death

Stocks can be gifted to family members upon the client’s death.

If they are held in a taxable brokerage account, this can be accomplished via the client’s will, a transfer on death designation in a brokerage account, via a beneficiary designation in a trust if the securities are held there, or via an inherited IRA, among other methods.

Again, issues such as taxes and cost basis will vary based on the circumstances.

Tax Implications of Gifting Stock

The Ultimate Stocking Stuffer – The Gift of a GME Share. Have a merry conversation with friends and family this holiday season

This is not financial advice. I am not a financial advisor.

Gifting Stock to Family Members: What to Know

by Roger Wohlner

Gifting stock to family members may lack the pizzazz of leaving a luxury car adorned with a bow in the driveway, but it’s a gift that can add value to their lives long after most other gifts have been forgotten.

Gifting stock to family members can be a key part of your clients’ estate planning and can take a number of forms, both during your clients’ lifetime and upon their death. Here’s a look at some considerations when contemplating gifts of stock to family members.

How to Gift Stock

There are a number of methods for your clients to gift shares of stock. The gift would typically be made with an electronic transfer from your client’s account to the account of the recipient of the shares.

In general, the rules for gifting shares of stock discussed here will also apply to gifting ETFs and mutual funds.

Lifetime Gifts

Gifts of stock can be made in lieu of giving cash. The annual gifting limits of $15,000 per person ($30,000 for a joint gift with your spouse) apply, and the value of the stock on the day of the transfer constitutes the amount of the gift.

Gifts in excess of the annual gifting limits will eat away at your clients’ lifetime gift and estate tax exemption, which is currently $11.7 million per person for federal estate taxes.

Trusts

Instead of giving the money to a family member outright, your client might consider using a trust to transfer shares to family members. Depending upon the type of trust used, the treatment of tax and cost basis issues will vary.

Transferring Upon Death

Stocks can be gifted to family members upon the client’s death.

If they are held in a taxable brokerage account, this can be accomplished via the client’s will, a transfer on death designation in a brokerage account, via a beneficiary designation in a trust if the securities are held there, or via an inherited IRA, among other methods.

Again, issues such as taxes and cost basis will vary based on the circumstances.

Tax Implications of Gifting Stock

At the time the stock is gifted to a family member, there are no tax implications.

However, there