How Do Unified Credit Gift Tax Exclusions Work?

Hands passing a nest egg through three generations.

Gift taxes and estate taxes are only applied if your bequeathed assets exceed a certain dollar amount. Here’s a look at what the unified tax credit is, how it relates to gift or estate taxes and who this credit impacts.

How Safe Are Your Aging Parents?

Three generations family - Estate Planning for Aging Parents

As the American population of seniors continues to expand, the need for intentional estate planning becomes more urgent, especially for the children of aging parents.