032 Gift Tax: Why Giving Away $15,000 Is a Trap For the Unwary

Have you ever heard that you can give away up to $15,000 per person per year to avoid gift tax? Spoiler alert: the government gives with one hand and takes away with the other. Now, as a general statement. This shouldn't surprise anyone, but when it comes to giving away money and other things to your kid, your family, or anyone you want. There really are some unpleasant surprises out there waiting for you. What are they? That's what today's episode is all about.    Disclaimer: Although I am a lawyer, I am not giving you legal advice. This podcast is for general informational purposes only.   Do you have a have any questions, or have an idea for a future episode? Visit smartplanning101.com/connect and let me know!