Did you know that the Internal Revenue Service loves Valentine’s Day, too? It’s true! This is evidenced by sections 2056 and 2523 of the Internal Revenue Code! These portions of the law codify the unlimited marital deduction, which allows you to make gifts to your spouse in excess of the annual exclusion or at death without paying gift or estate tax! Give the gift of future security to your partner with savvy tax planning when you get your estate plan in order. Learn more about tax savings available to married couples by contacting our Estate Planning Attorneys at Chauvel & Glatt. Happy Valentine’s Day!
The material in this article, provided by Chauvel & Glatt, is designed to provide informative and current information as of the date of the post. It should not be considered, nor is it intended to constitute, legal advice or promise similar outcomes. For information on your particular circumstances, please contact Chauvel & Glatt at 650-573-9500.
