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Should Parents Transfer Assets to Children for Estate Planning: Pros and Cons

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00:00 Parents Gifting Assets To Children
2:02 Gifting for Education for Children and Grandchildren
2:46 Allow Parents To See Positive Impact on Children
7:09 Some Children Have Greater Needs
8:06 Medicaid Eligibility
9:43 Creditor Protection Purposes
10:40 Tax Rules Related To Gifting
11:23 $18,000 Present Interest Annual Exclusion
15:30 Carry Over of Capital Gains Tax Basis
17:32 StepUp in Capital Gains Tax Basis
19:34 Keeping Assets In The Estate
19:52 Gifting Appreciated Assets To Charity
23:18 Gifting Assets After a Married Person Dies
25:06 Gifting In Trust To Avoid Estate Tax
27:17 Transferring Assets To Irrevocable Trust for Medicaid Eligibility Purposes
29:38 Should Gift To Child Be Part Of Child's Future Inheritance?
30:44 Be Aware of Capital Gains Tax Rules When Gifting
31:17 Gifts That Are a Fraudulent Conveyance

posted by onoranzac9