My niece was left one hundred thousand dollars in her mothers will. She wants to share it with her sister who wasn't included in the will. What are the tax implications for gifting 50 thousand from one sibling to another. Is there any way it can be given will less tax penalties?

Give it over 4 years. She can gift $13k annually without tax implications

Elderly life insurance is very crucial for this older lot for many reasons. Although we may argue that they get welfare support, pensions and social security, the amount can only be so much. It is not enough to give them the comfortable life that everyone desires. Only elderly life insurance can keep them comfortable in their old age, and add a spark of joy in the remaining years of life they have left.

There are a number of elderly life insurance policies that you can buy. Your choice will be guided by the benefits you hope to gain from the insurance. If you would like your family and dependants to benefit after you are gone, you can opt for whole life insurance. In this kind of elderly life insurance policy, the face value will be paid out to your beneficiaries if you die before the age of 100. Should you reach 100 years; the face value will be paid out to you. Payout in this policy is guaranteed, provided you pay all your premiums without default. The only drawback is that it is the most expensive type of elderly life insurance.

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Originally Posted by robertsnick62

Elderly life insurance is very crucial for this older lot for many reasons. Although we may argue that they get welfare support, pensions and social security, the amount can only be so much. It is not enough to give them the comfortable life that everyone desires. Only elderly life insurance can keep them comfortable in their old age, and add a spark of joy in the remaining years of life they have left.

There are a number of elderly life insurance policies that you can buy. Your choice will be guided by the benefits you hope to gain from the insurance. If you would like your family and dependants to benefit after you are gone, you can opt for whole life insurance. In this kind of elderly life insurance policy, the face value will be paid out to your beneficiaries if you die before the age of 100. Should you reach 100 years; the face value will be paid out to you. Payout in this policy is guaranteed, provided you pay all your premiums without default. The only drawback is that it is the most expensive type of elderly life insurance.

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This is, in fact, plagerized. What is your connection to the company?