South West Illinois News

South West Illinois News

Tuesday, November 19, 2019

SCHEFFEL BOYLE CPAS: Many people want to pass assets to the next generation

Business

By South West Illinois News Reports | Nov 9, 2019

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Scheffel Boyle CPAS issued the following announcement on Nov. 9.

Many people want to pass assets to the next generation during their lifetimes, whether to reduce the size of their taxable estates, to help family members or simply to see their loved ones enjoy the gifts. 

If you’re considering lifetime gifts, be aware that the type of assets you give can produce substantially different tax consequences.

https://scheffelboyle.com/making-gifts-to-loved-ones-dont-forget-tax-planning/?fbclid=IwAR3Yp3THUlSIEUkzkXhHUHpNdA1gAIAuGsW_Y8E6DHJAxmAuUN6OUaMFo1c

Original source can be found here.

Source: Scheffel Boyle CPAS

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