Did you make gifts at year-end to kids and other family members, hoping to clean up your estate? Perhaps you thought you were saving huge taxes and making your beneficiaries happy at the same time. $5M Tax-Free Gifts? Going, Going, Gone. You were not the only one who was surprised when Congress passed the fiscal cliff bill at New Years with an estate tax fix that meant you could have waited.
Did you make gifts at year-end to kids and other family members, hoping to clean up your estate? Perhaps you thought you were saving huge taxes and making your beneficiaries happy at the same time. $5M Tax-Free Gifts? Going, Going, Gone. You were not the only one who was surprised when Congress passed the fiscal cliff bill at New Years with an estate tax fix that meant you could have waited.
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