Are you considering gifting stocks to a loved one but worried about the tax implications? In this episode of the Ask Ralph Show, host Ralph Estep Jr. explains how you can give stocks without getting hit by hefty tax bills. Ralph discusses key points such as the annual gift tax exclusion, capital gains considerations, and the impact on the recipient. He provides practical strategies like gifting to a 529 Plan, spreading gifts over multiple years, and exploring charitable giving options. Ralph also shares a listener's question about gifting stocks for education expenses and offers a detailed analysis of different scenarios. Whether you want to share your financial blessings or simply learn about tax-efficient gifting, this episode is a must-listen for anyone looking to be a wise and cheerful giver.
https://www.askralphpodcast.com/gifting-someone-stock/
00:00 Episode Overview
00:56 Listener’s Concern
01:50 Bible Verse
02:29 Basics of Gifting Stocks
04:46 Strategies to Reduce Tax Impact of Gifting Stocks
06:29 Hypothetical Examples of Gifting Stocks
08:50 Recap
09:45 Actionable Steps
10:42 Final Thoughts
11:46 Outro
