gift tax Archives - Red Oak Legal

A Guide to Understanding Gift and Estate Taxes

November 2, 2022
Estate Planning

Asset transfers from one person or estate to another are taxable events, according to the Internal Revenue Service. These taxes are often referred to as gift taxes and estate taxes. They include any asset such as cash and property. The…

The Effects of the Build Back Better Act on Estate Planning

January 5, 2022
Estate Planning

The House Ways and Means Committee approved President Biden’s Build Back Better Act’s (BBBA) tax provisions, a major step towards passage of the bill. As the draft now stands, the legislative proposal may restrict the abilities of higher net worth…