Making Gifts to Children and Other Family Members

Estates and Trusts
Written By Katie Commons and Mary Beth Melso

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 here to get in touch with us. We’ll be happy to speak with you.

Katie Commons and Mary Beth Melso
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