Is This The Right Time To Gift Some Land?

Brooke Swier Schloss
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Estate Planning & Family Law Attorney

Tax Reform doubled the lifetime estate and gift exemption for years 2018-2025. This means that in 2019, you can gift during your lifetime or have assets in your estate of $11.4 million and not owe any estate or gift tax. Your spouse has the same amount.

AgWeb.com has a interesting article on whether this is a good time to consider gifting land.

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