Making Gifts to Children and Other Family Members

Estates and Trusts
Written By Katie Commons and Mary Beth Melso

Disclaimer: This content does not constitute legal advice. You should not act, or refrain from acting, based on the information provided without getting specific advice from your lawyer.

In this video, Attorneys Katie Commons and Mary Beth Melso discuss some of the issues that come up when making gifts of cash or other assets to children or other family members. They touch on:

  • Annual gift tax considerations;

  • Timing of gifts;

  • Gifts in excess of the gift tax exclusion;

  • Gifting to minors;

  • The “Med-Ed” exclusion;

  • Special considerations related to Pennsylvania inheritance tax laws;

  • Questions of basis for capital assets.

If you have questions about this or other matters related to our practice areas, please click the Contact Us button to get in touch. We’ll be happy to speak with you.

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Katie Commons and Mary Beth Melso
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