Legal Question in Wills and Trusts in Michigan

Monetary Gift

Is there any way that a person can give a cash gift over 12,000 without paying taxes?


Asked on 2/03/08, 12:33 am

2 Answers from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: Monetary Gift

See a CPA. No one here knows the income and tax situation of you or the recipient. You may also want to post a more detailed question in the appropriate catagory (not probate, trusts, wills).

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Answered on 2/03/08, 7:40 am
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Re: Monetary Gift

Yes. Meet with your accountant or lawyer to discuss how. You probably will have to complete a gift tax return. But your gift is not always taxable depending on many facts you have not given.

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Answered on 2/03/08, 10:13 pm


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