Legal Question in Wills and Trusts in New Jersey

What is the amount of money that a parent can give to a child as a gift without paying taxes?


Asked on 5/07/10, 8:06 am

1 Answer from Attorneys
Jonathan Chester The Law Office of Jonathan S. Chester, Esq., LLC

In 2010 you can give up to $13,000 per beneficiary without gift tax. If you are married and agree to 'split gifts' the amount is doubled to $26,000 per beneficiary.

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Answered on 5/12/10, 8:28 am


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