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Sept 1 , 2006:
The Pension Protection Act of 2006 allows people 70 1/2 and older to give up to $100,000 from their IRA to charity in 2006 and 2007 and not pay taxes on it.
January 1, 2007:
The annual gift tax exclusion to any person remains at $12,000 for 2007.
Life Settlements
How to Sell Your Life Insurance Policy for More Than the Cash Value
Do you need cash for medical expenses, to pay off debts or to buy that long-desired boat, cabin, car or RV? If so, you may be able to sell an insurance policy that you no longer need.
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