If you don't know, you could be subject to unexpected estate taxes! What is a living gift addition?
Gift tax is a tax imposed on the transfer of property by gift, but special rules exist for gifts made during one's lifetime. One of the most important of these rules is the "living gift addition," which means that the gifted property is added to the estate when the donor dies. If the property donated during the donor's lifetime is added to the donor's...
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