Federal Estate and Gift Tax Unified Credit

 

Federal Estate and Gift Tax Unified Credit: This is the amount expressed as a total amount combined for estate, gift and generation-skipping transfer tax exemption (the amount that is not taxed)—currently $5.45 million per person (2016)—and it is possible to use this exclusion to transfer assets by gift to another.

 

For more information on this topic, contact us at http://geigerlawoffice.com/contact.cfm or call (760) 448-2220 to schedule an appointment with one of our experienced estate planning attorneys. Also, check out our estate and business planning books at http://geigerlawoffice.com/reports/.