It is very rare for an ordinary household to owe money on gifts. The gift tax has a somewhat complicated two-tier structure.

Khloe Kardashian celebrated her and Tristan Thompson’s daughter True Thompson’s 7th birthday with the most luxurious gifts—a Louis Vuitton bag and a diamond necklace.

Perhaps your daughter recently got married and you want ... Speak with a financial advisor today. A gift is any unilateral transfer of money or property. This means that you give someone assets ...