Category Archives: Gift Tax
Common Estate Planning Mistakes and How to Avoid Them
Estate planning is of vital importance even for the young. It’s something everyone should do to protect themselves while they are still alive. It ensures your assets are distributed according to your wishes after your death and it will prevent your family from fighting over your estate. You never know when you’re going to… Read More »
Can Learning a Second Language Help Slow the Progression of Alzheimer’s?
Alzheimer’s disease is a neurodegenerative disorder characterized by cognitive decline and damaged cognitive abilities. Biologically, it can be seen through the buildup of harmful proteins and brain atrophy. However, a recent study published in the journal Bilingualism: Language and Cognition revealed a factor that may inhibit the decline brought about by Alzheimer’s disease and… Read More »
What Legal Steps Should I Take Before a Major Surgery?
Here at the Law Office of Angela N. Manz, we help older Virginia Beach residents prepare their estates for possible long-term care needs or even death. Before you go in for a major procedure, you should have your affairs in order in case the worst happens. You don’t want to find yourself in a… Read More »
Do 529 Plan Gifts Get Federal Or State Gift Tax Benefits?
If you choose to establish a 529 savings plan for a beneficiary, you can also elect to set this up for as many beneficiaries as you want. These education saving plans are very popular as estate planning tools, and are very valuable for grandparents who wish to support their grandchildren’s future education. Although you… Read More »
What Is the Gift Tax?
The federal government enables you to take advantage of a program known as the gift tax. Every year, gift tax amounts are announced so that you can make these gifts free of paying any taxes or needing to file a gift tax return. These are known as annual exclusions gifts and the maximum for… Read More »