Lifetime Gift Tax
November 19, 2012
On December 31st, 2012, the lifetime gift tax exemption is set to expire. Upon expiration, the gifting amount will decrease from $5.12 million per person to $1 million. First Western’s Director of Wealth Planning, Melissa Montgomery-Fitzsimmons, shares strategies to help you reduce the impact of this change even if you haven’t completed your wealth plan.