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Old 07-22-2020, 04:30 PM   #9
40 Deluxe
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Join Date: May 2010
Location: now Kuna, Idaho
Posts: 3,407
Default Re: Estate planning/thinning the herd

Quote:
Originally Posted by Oldbluoval View Post
Ask your own tax advisor.
There is a lot of Misinformation herein
There is a difference in a taxable gift and a taxable estate
As well as non-taxable both !!



Quote: "There is a difference in a taxable gift and a taxable estate." True. The difference is that a gift is made during the giver's lifetime; whereas an estate is after the death of the estate owner. So different tax rules apply.
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