351. How to Gift Money to Your Kids Without Tax Problems

Giving money to your children can be an incredibly meaningful way to support them while you are still here to see the impact. You may want to help with a home purchase, pay for college, support a growing family, or begin transferring wealth before it eventually passes through your estate. However, the biggest risk is not always giving too much. Problems often arise when parents give the wrong asset, at the wrong time, without the right documentation or legal structure. In this episode of A Wiser Retirement® Podcast, Senior Financial Advisor Shawna Theriault, CFP®, CPA, CDFA® and Estate Planning Attorney Arun Gupta explain how to give money to your children in a way that is generous, intentional, and less likely to create tax or family complications. **Related Podcast Episodes:**  Ep 346. Estate Planning Coordination: How Your Attorney, CPA, & Financial Advisor Work Together Ep 314. The Simple Estate Planning Error That Could Hurt Your Family **Related Financial Education Videos:** Piggy Banks to Paychecks: How Kids Learn About Money Can You Transfer or Repurpose a 529 After Graduation? **Learn More:** Founded in 2001, Wiser Wealth Management is a fee-only fiduciary financial planning and wealth management firm helping individuals, families, and business owners make informed financial decisions. Have questions about your financial plan? Schedule a Complimentary Consultation to discover how we can help you achieve financial freedom.   Access Our Free Guides: Gain valuable insights on building a financial legacy, the importance of a financial advisor for business owners, and the tax impact on inheritance, and more! **Stay Connected:** Follow Wiser Wealth Management on Social Media: Facebook | Instagram | LinkedIn | Twitter Subscribe to A Wiser Retirement® YouTube Channel for more financial education videos and podcast episodes. *This podcast was produced by* Wiser Wealth Management*. Thanks for listening!*