Money Matters: What’s the Best Way to Give Money to Children and Grandchildren?
Editor’s Note: Briant Sikorski from Stratos Wealth Partners in Cary contributed this article.
Cary, NC – There are several ways you might consider gifting money to your loved ones. In 2017, the IRS allows you to give up to $14,000 annually (or $28,000 if you give jointly with your spouse) in cash, investments and/or property to each of as many people as you’d like without triggering gift taxes (This limit may be adjusted for inflation in future years). Read more