Portland, OR estates & probate attorney Sara Winter talks about how much you can gift to your children each year without paying taxes. She states that each year, an individual may gift up to $18,000 per recipient without incurring gift taxes, filing a gift tax return, or reducing their overall lifetime exemption from gift or estate taxes. This annual exclusion amount is periodically adjusted by the federal government, making it important to stay informed of changes in the law. She emphasizes that working with a qualified estate planning attorney is essential, as the right guidance ensures clients maximize planning opportunities and structure their estates for optimal tax efficiency.