Should Rancher continue gifting of land?
This column first appeared in the San Antonio Express News on January 29, 2018. Dear Mr. Premack: My 95-year-old mother owns a large piece of ranch land. The value per acre is fairly high, and her tax adviser years ago told her to start gifting “undivided interests” each year worth $14,000 to each of the children. They said that this would reduce the value in her estate, and when she dies there would be less estate tax due. I was wondering, now that the estate tax is due only