The year is rapidly coming to a close and when it does the unified gift/estate tax exclusion is going to be reduced to just $1 million. This is a very significant reduction because the exclusion has been $5.12 million throughout 2012. Because of the above giving gifts in 2012 can provide you with tax efficiency if your resources exceed $1 million in value. Once the new year arrives anything that you were to give away while you are alive or after your passing that is in excess of $1 million … [Read more...] about As 2012 Wanes Gifting Opportunity Fading Away