How does the gift tax work?

Curious about how the gift tax affects you and your financial planning? In this informative video, Christopher Small from CMS Law Firm demystifies the gift tax process. He explains the lifetime giving exemption, annual gifting limits, and what happens when you exceed those limits. You’ll also learn about important exceptions for educational and medical expenses. Perfect for small business owners seeking straightforward advice, this video will help you navigate gift taxes with confidence.

We do estate planning. We do probate. We do it well. If you are in Washington State and need help, you can get a free strategy session here – https://cmslawfirm.com