#20 - Estate Tax: How is your money taxed when you pass it to your loved ones? Are the tax consequences different when the money transfers after you pass away vs if you give it while you are still alive?

The Fiscal Physical Podcast

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Unlock the secrets to preserving your financial legacy without getting caught in the taxman's net, as I, Aaron Hoisington, team up with Ryan Nelson, the financial maestro from Alchemy Wealth Management, on the latest Fiscal Physical Podcast. We're going beyond the headlines to bring you a crystal-clear breakdown of the annual gift tax exclusion and estate tax intricacies which, trust me, are anything but dry when your hard-earned wealth is on the line. Ryan's expertise turns the daunting into the doable, ensuring you're clued in on how to bestow $18,000 tax-free gifts per person per year, and how to navigate the $13.6 million estate tax threshold without a hitch.
Ever wondered how your entire net worth could be affected by estate taxes after you've bid farewell to this world? We're discussing the nitty-gritty of what counts, what's exempt, and why Benjamin Franklin's eternal words on death and taxes remain so darn relatable. This episode isn't just about number-crunching; it’s a treasure trove of historical trivia and a call to action for financial enlightenment. Whether you're a grandparent with a giving heart or simply savvy about safeguarding your estate, our enlightening chat is the key to mastering these crucial financial maneuvers.

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And, as always, STAY THE COURSE!

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1. #20 - Estate Tax: How is your money taxed when you pass it to your loved ones? Are the tax consequences different when the money transfers after you pass away vs if you give it while you are still alive? (00:00:00)

2. Understanding Estate and Gift Taxes (00:00:01)

3. Understanding Estate and Gift Taxes (00:10:37)