Roger Levine
Roger Levine
extent gift taxable
It's a taxable gift only to the extent that it reduces your allowable (lifetime) exemption,
percent
I can give you 15 percent (of the partnership), and it's still a $10,000 gift.
trouble
If the will is 12 years old, you're going to have trouble.
respond
You must respond to the notice. Don't put it off,
planning tax
You need a will, but you also need tax planning.
couple unequal
Typically, a couple will come in with unequal assets.
assets both children couple kids lived marriage together unequal
Typically, a couple will come in with unequal assets, ... They've lived together for 12 or 15 years and both of them have children from their first marriage and want their assets to go to kids (of the first marriage).