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"So let's say you give your adult child $20,000 in one tax year, you will not owe any gift taxes unless you've made more than $11.58 million worth of gifts in your lifetime." But, again ...
Many people have a different perspective on holiday gifts this year, after the challenges of 2020. Rather than spending a lot of money on stuff that can break or quickly lose a child's interest ...
Parents should protect their adult children from the indiscretions of courts and future ex-in-laws by ensuring gifts and bequests are kept in separate accounts that are never mixed with the child ...
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