#wealth-transfer
2 articles
A Couple Gifting to 8 Grandkids Can Shelter $304,000/Year From Estate Tax — With No Return to File
The 2025 annual gift-tax exclusion is $19,000 per donor per recipient, $38,000 with spousal gift-splitting. We ran the 20-year math on a family with 3 children and 5 grandchildren.
Only 5,000 Estates Owe Federal Estate Tax Each Year — But 12 States Have Their Own
The 2026 federal exemption is $15M per person, now permanent. Oregon taxes estates above $1M and Washington above $3M, so a paid-off house and two 401(k)s can owe state tax with zero federal tax.