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Question: How much can I give away as a gift without having to pay gift taxes? Answer: For gifts made in 2013 and 2014, the gift tax annual exclusion is $14,000. This means that anyone can gift [...]

Question:  What is the 2014 federal estate tax rate and lifetime gift exclusion amount?         Answer:  For gifts made or deaths occurring in 2014, the estate, generation skipping and gift tax [...]

Question: What is Dependency and Indemnity Compensation and how do I qualify for it? Answer: Dependency and Indemnity Compensation (DIC) is a tax free monetary benefit paid to eligible survivors [...]

Aid and Attendance is a pension for Veterans and surviving spouses who require regular care attendance form another person to assist with the activities of daily life such as eating, bathing, [...]

Question: How do I benefit from setting up a QIT or Qualified Income Trust for Florida Medicaid – and what is it? Answer: A Qualified Income Trust is commonly called a QIT or a Miller Trust.  It [...]

Question: I want to give gifts to my family. What are the tax rules on giving away gifts during your lifetime? Answer: You are free to give away gifts forming part of your estate while you are [...]