In most instances, giving each of your children $50,000 won’t cause you to owe any taxes, but some specifics apply to this assumption. The exception would be if all the gifts you give over your ...

Question: My wife and I are planning to give gifts to our children and grandchildren for estate tax planning. I understand that these gifts can save estate taxes by making these gifts before we die, ...

I talked with Lance Morgan, financial expert and founder of College Funding Secrets, to find out the smartest strategy. His answer centered on a specific dollar amount that caught me off guard: ...