Gifting Money to Family Members: 5 Strategies to Understand

Gifting Money to Family Members

A common question I hear is around gifting money to family members. What’s the best way to do it? How do I report it? Do beneficiaries owe taxes?

In this podcast, I talk about five strategies for gifting.

I cover the gift tax exclusion, lifetime gift and estate tax exemption, different ways of gifting, gifting to 529 plans, paying for medical and education expenses, and creating loans to family members.