Question: For many years, I have been contributing annual gifts (less than the exclusion amount) to a joint account I set up for my son. I’m a joint owner but the account is in his Social [...]

Question: In your Capital Gains summary you mention life estates and joint ownership as options to transfer property to children. Wouldn’t either of these options result in a gift tax? We [...]

Question: I have question regarding taxable income. I am a US citizen living in Thailand. Over the next several years I want to build a house with my domestic partner of the the past 22 years who [...]

Question: My wife and I are in our early 80s with two daughters and a grandson. Our estate is approximately $5.5 million. We have enough pension resources so we do not withdraw any money from [...]

Question: I made a family mortgage loan to my son under my revocable trust. Recently, I amended the mortgage interest rate as market rates fell. I am told that I need to file Form 709 if the [...]

Question: We are Canadians and we own condo in California, where our daughter lives. We would like to transfer the property to our daughter. What is best way, considering USA and Canadian taxes? [...]