What Are The Tax Rules For Gifting Money
The common regulation about gifting is that any gift is taxable. How much can you then give? How can you use gifting for your generational wealth? Stay tuned in this video as I will show you what are the tax rules for gifting money.
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Loral Langemeier
Key Moments In This Episode
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00:00 Intro & Summary
00:36 How Much You Can Gift Someone
01:29 Why Will Is Not Sufficient Enough
02:37 What Can Happen If You Go In Probate
02:59 Why Everyone Needs A Trust
04:05 What Is Your Lifetime Gifting Allowance
04:51 What Is A Properly Structured Life Insurance
05:51 What Are The 2 Parts Of A Legacy
06:15 What Happens To Most Of The Generational Wealth Plan
07:14 Who Has To Pay The Tax
08:23 What Can You Do Now
What To Watch Next
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About Loral Langemeier
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Loral Langemeier is a money expert, sought-after speaker, entrepreneurial thought leader, and Five Time New York Times best-selling author who is on a relentless mission to change the conversation about money and empower people around the world to become millionaires.
Loral’s straight talk electrifies audiences and inspires powerful action from live stages and television programs ranging from CNN, CNBC, The Street TV, Fox News Channel, Fox Business Channel-America’s Nightly Scoreboard, The Dr. Phil Show and The View. She is a regular guest-host on The Circle in Australia and has been featured in articles in USA Today, The Wall Street Journal, The New York Times, Forbes Magazine and was the breakout star in the film The Secret.
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