While some may think that there’s nothing magical about death and taxes, there are many lessons to be gleaned from the well-known characters from the happiest place on earth.
Even if you clearly don’t owe taxes, you may have to report gift amounts should you give more than $18,000 in 2024 to a specific individual.
Beyond being an act of generosity, gifting ensures that a significant portion of your wealth is preserved rather than diminished by taxes.
Have you considered transferring ownership of your home and wondering what records or paperwork is required? The reason for wanting to transfer will help determine how you should proceed.