More examples in Estate Planning/Tax Planning
Mind Map of Federal Gift Tax Escapes Example
SmartDraw includes thousands of professional-looking diagrams like this that you can easily edit and make your own.
Text in this example:
Other Tax Payments Charitable Contributions Certain Education Expenses Paid Directly, or through Prepaid Plan. Certain Medical Expenses Paid Directly for the Benefit of Donee. Transfers that Escape Gift Tax Annual Gift Tax Exclusions:
Allows gifts up to the annual gift tax exclusion per donee per year. Applicable Credit Amount:
Allows tax credits that eliminate gift taxes on transfers up to the applicable gift tax exclusion amount. Unlimited Marital Deduction:
Allows all property transfers to a surviving spouse to escape gift taxes. Transfers That Escape Gift Tax Federal Estate Taxable Gifts May Result from Lifetime Transfers of Any Property from the Owner to Non Spouse
Allows gifts up to the annual gift tax exclusion per donee per year. Applicable Credit Amount:
Allows tax credits that eliminate gift taxes on transfers up to the applicable gift tax exclusion amount. Unlimited Marital Deduction:
Allows all property transfers to a surviving spouse to escape gift taxes. Transfers That Escape Gift Tax Federal Estate Taxable Gifts May Result from Lifetime Transfers of Any Property from the Owner to Non Spouse