I’m 62 and worth millions – how can I give more to my kids without getting slammed on taxes?

John Seetoo

Tue, May 19, 2026 astatine 7:52 AM CDT 6 min read

Benjamin Franklin is celebrated for galore things, including the pursuing quote: Our caller Constitution is present established, and has an quality that promises permanency; but successful this satellite thing tin beryllium said to beryllium certain, but death and taxes.

Death and taxes are 2 dreaded topics that are intimately aligned. Their confiscatory premise is simply a continual root of perceived injustice and strategical readying to find a workaround oregon loophole to springiness much to household members without authorities pilferage. Gift taxes were created by Congress and the IRS to service arsenic a deterrent to those seeking to springiness funds to household earlier their demise, erstwhile property taxes (i.e., Death Taxes), would use to the existing estate’s full worth.

Key Points

• The national beingness property taxation exemption has been acceptable astatine a imperishable baseline of $15 cardinal per idiosyncratic ($30 cardinal for joined couples) nether the One Big Beautiful Bill Act, importantly reducing the mathematical hazard of high-net-worth estates exceeding the threshold.

• A caller worthy $10-12 cardinal tin acquisition $300,000 to his son-in-law’s concern via a indebtedness note, past usage yearly exclusions of $19,000 per recipient to marque tax-free payments toward indebtedness forgiveness without triggering acquisition oregon property taxes.

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