each year you are able to gift

$18,000 per person that amount is

tax-free so you do not have to pay gift

taxes you don’t have to file a gift tax

return and that does not reduce your

overall lifetime exemption from gift or

estate

taxes that amount is adjusted

periodically by the federal government

so that’s one reason it’s important to

work with a qualified estate tax

planning attorney because we can help

advise you on changes in the law to make

sure you’re maximizing those planning

opportunities Most states don’t have

gift tax laws so in Oregon Washington

and Texas which is like the least tax

offensive State there’s no gift tax or

gift tax limits so you can gift as much

as you want it’s really for federal

purposes that people need to be concerned