Gifting | Knighton & Stone, PLLC
- Estate Tax Return - preparation of IRS Form 706 and related schedules
- Gift Tax Return - preparation of IRS Form 709 and related schedules
- Preparation of Gifting Memoranda to capture gifts during the tax year
- Preparation of Assignments related to complex gifting through structures like Spousal Lifetime Access Trusts and Descendants Investment Trusts
- Preparation of Withdrawal Letters related to lifetime gifting via Descendants Investment Trusts and Life Insurance Trusts
- Calculation of remaining exclusion amounts if gifting has occurred during life paired with recommendations to reduce estate tax implications at the passing of both the 1st and 2nd spouses