Maximize Your Savings: Unleashing the Power of the 2025 Gift Tax Exclusion Increase
Leveraging the 2025 Gift Tax Exclusion for Estate Planning in New York At Morgan legal Group, our experienced estate planning lawyers understand the significance of strategic planning to protect your wealth and heritage. Specifically, the expected rise in the annual gift tax exclusion to $19,000 per recipient in 2025 presents a valuable opportunity for New Yorkers to minimize their estate tax liability and transfer assets more efficiently. This piece explores this enhanced exclusion and offers actionable strategies to utilize it effectively while following New York State regulations. By implementing these gifting methods, you can reduce your estate size and ensure a favorable legacy transfer. Understanding the Annual Gift Tax Exclusion Before delving into specific approaches, it is crucial to grasp