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Gifting To Children and Grandchildren - How Much before Tax Is Due?

In this video, David M. Frees III, Esquire explores why giving your house to a child, grandchild or otehr heir can actually raise the taxes they wiill pay and the factors that you need to consider before engaging in this easy but complicated technique.

Estate planning and executor lawyer David M Frees III briefs us on gift taxes. Pennsylvania residents have no state level gift tax.  However, they are subject to the Internal Revenue Code rule on gifting.  Each person can gift up to $13,000.oo each year (the annual gift tax exclusion)  This number is doubled for maried couples.
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Phone: (610) 933-8069
Fax: 610-240-9323

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Phoenixville
120 Gay St.
Phoenixville, PA 19460
Phone: (610) 933-8069
Fax: (610) 240-9323

Regular Business Hours

Malvern
116 E. King St.
Malvern, PA 19355
Phone: (610) 240-0750
Fax: 610-240-9323

By Appointment

West Chester
17 W. Gay St.
P.O. Box 515
West Chester, PA 19381
Phone: (610) 933-8069
Fax: 610-240-9323

See David by Appointment call 610-933-8069 For David Frees

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