Top 4 Myths About Family Gifting You Should Know скачать в хорошем качестве

Top 4 Myths About Family Gifting You Should Know

There is a lot of confusion around how financial gifts to family members are taxed, and we hear the same myths repeated often. In this video, Michael Henley breaks down four of the most common misconceptions about family gifting. From annual limits to reporting requirements, he explains what you can do, what you don’t need to worry about, and how thoughtful giving can support your broader planning goals. If gifting is something you’re considering, understanding the rules can help you take timely action and avoid unnecessary complications. Watch the video to hear how we approach family gifting at Brandywine Oak. To schedule a meeting to find out how we can help address your unique needs, call (484) 785-0050, email contact@brandywineoak.com, or get started online now. And if you’re curious about what our clients have to say about working with us, visit our client testimonials page to hear their stories. Time Stamps 0:00 — Introduction: The impact of giving now 0:42 — Myth #1: You have to pay taxes when you give money 1:26 — Myth #2: You get a tax break for gifting money 2:01 — Myth #3: Giving more than $19,000 triggers taxes or an audit 2:54 — Myth #4: The recipient has to report the gift as income 3:30 — Brandywine Oak: Helping families build smart gifting strategies