Q. I have learned that if you give a "gift" below the taxable amount, there will be no tax. If this is correct, can I give "all" of my assets such as our house, my IRA, all of my CDs, and my checking account to my son as a gift so he can…
To paraphrase Mark Twain: Reports of the death of state estate taxes are greatly exaggerated. In fact, there are recent signs that states are starting to strengthen their inheritance tax laws instead of cutting them. This, of course, is…