Article: Individuals can receive up to $15,000 per year without being taxed. After you reach your annual limit, any other transfer will be taxed as a gift. While there is a limit of $11.4 million in tax free gifts per lifetime, up until that point is reached, you may give your future heirs $15,000 per year indefinitely. Furthermore, you may deposit the money in a trust where it is protected and can accumulate over time. If a gift of money is paying for higher education or medical expenses, there is no limit to the amount that can be given tax-free, as they are considered "qualified transfers." However, keep in mind that the money must be given directly to the educational or medical facility providing the service in order to qualify. If there is concern about gifts to a child, a Crummey trust can be set up that allows the benefactors to require conditions on how and when the beneficiary receives access to the money. If a gift is made to someone who is more than a generation younger, such as a grandchild, gifts may be subject to the generation-skipping transfer (GST) tax. If the inheritance will be primarily non-cash assets such as property or a business, a policy for the amount of the estate taxes makes it possible for beneficiaries to retain assets rather than selling them to pay an inheritance tax. Another alternative (or subsequent step) is creating a life-insurance trust as the beneficiary of the policy in estate planning. As long as the trust is set up at least 3 years before death, the death benefits in the policy are not counted towards the value of the estate. With a GRAT, income-producing assets are transferred into the trust for the life of the trust, usually 5 years, at a discounted value. You receive annual payments and any appreciation is tax-free to beneficiaries of the trust. A QLT removes your dwelling from the value of your estate and transfers it to a trust for a period of years (usually 10-15). While the trust owns your home, you may continue to live there. Once the trust expires, ownership of your home will be transferred to your heirs. If you still wish to live in your home, then work out a rental arrangement. Beneficiaries can then be given shares in the limited partnership.
Question: What is a summary of what this article is about?
Give money to future heirs while alive. Consider life insurance. Transfer Life Insurance Policies to Irrevocable Life Insurance Trust. Consider a grantor-retained annuity trust (GRAT). Set up a Qualified Living Trust (QLT). Transfer assets such as real estate to limited partnerships to limit the tax value of assets.
Article: It is best to divide them in early spring before they begin their yearly growth, or wait until late summer to early fall when they're done flowering. Whenever you choose to divide the plants, they may not produce flowers the first summer, or may produce fewer flowers than normal. If you live in an area where it snows in the late fall or early winter months, plan to divide them in the late summer because the daylilies will need 6 to 8 weeks to settle before the first freeze. Use sharp scissors to trim down the leaves anywhere between 8 inches (20cm) to 12 inches (30cm) from the top of the soil. Trimming will make it easier for you to see the individual fans and cut down on the amount of materials you'll be working with. If you're dividing them in the early spring, you may not need to trim them as they'll typically be short already. Loosen the soil around the plant by inserting a garden fork into the soil about 8 inches (20cm) away from where the leaves enter the ground. Wiggle the handle of the fork forward and back to loosen the soil. Repeat this action 4 or 5 times on each side of the plant. Each clump below the plant contains multiple leaves, crowns (where the leaves meet the roots), and roots, so it's important to insert the fork a little ways away from the actual leaves as not to stab the crown or central root center. After the soil has loosened, insert the fork deep into the ground at about a 45-degree angle and use your foot to push it down until the prongs are fully underground. Then, push the handle of the fork at a downward angle to lift the plant out of the soil. The plant will likely topple onto its side (revealing all the roots), which is just how you need it to be. Use a garden fork to carefully comb out as many large clumps of soil from the roots as possible. Then, use your hands to tease out any stubborn clumps. It's okay if you accidentally pull off some of the root strings. Just try to avoid pulling out lots of strands. Use a garden hose to wash the entire plant with water. Spray it from all angles to get rid of small specks of dirt and pests that may be hiding in the leaves. Washing the roots with water will release them from each other, making it easier to separate them. Look at the bottom of the leaves to find a spot where a few fans seem to be sectioning off from the rest of the clump. Untangle their roots as much as possible from the rest of the plant's roots, grip the crown area (between the leaves and the roots), and pull the fans away. Look around the sides of the plant to find places that show signs of natural separation. Use your free hand to hold the main clump of fans steady while you pull away the smaller fans. Use your fingers to wiggle the stringy roots apart. Carefully repeat the separating process until the whole chunk has been separated into many parts. Make sure to grip the small sections by the crown as you pull them away to prevent breakage. Daylilies can put up with rough handling, so don't worry about doing too much damage when you pull them apart. Just try to keep the crowns of the fans intact. If some fans don't want to separate, use a small knife to vertically cut the crown area between the fans to separate them.
Question: What is a summary of what this article is about?
Choose early spring or late summer to divide your daylilies. Trim the leaves down to 8 inches (20cm) to 12 inches (30cm) tall. Insert a garden fork into the soil about 8 inches (20cm) away from the plant. Use a garden fork to dig under the roots and lift up the plant. Comb through the roots to remove as much soil as you can. Spray the top, bottom, and sides of the plant with a hose to remove dirt. Grasp 2 or 3 fans that are showing signs of natural separation. Remove sections a few fans at a time until the entire chunk is separated.
Article: If you've never had a migraine before, it's a good idea to see your doctor to get a definite diagnosis. Some migraine symptoms can be similar to the symptoms of other conditions, such as cluster headaches or a stroke. Your doctor can help determine what the problem is and work with you to develop an appropriate treatment plan. Common migraine symptoms include throbbing or pulsing pain on one or both sides of the head, sensitivity to light and sound, and nausea or vomiting. Some people may also have visual symptoms, such as seeing spots of light or moving patterns. Other symptoms include hearing noises, twitching, having difficulty speaking, feeling weakness, and numbness in the face. If your migraines are severe or frequent enough to disrupt your daily life and natural remedies aren't helping, talk to your doctor. They may recommend taking prescription medications to prevent your migraines or relieve your symptoms more effectively. See your doctor if you have a migraine more than once a week on average. You should also seek medical attention if you're taking pain medication more than 2 times a week for migraines, or if the pain medications you have don't help. Even if you have a history of migraines or other types of headaches, visit your doctor if you develop new headache symptoms. They can examine you to determine what might have changed. They might also recommend adjusting your treatment plan. Let your doctor know if your headaches get worse, change in frequency, or feel different from previous headaches. Certain symptoms that accompany a migraine can be a sign of a serious underlying problem. Do not hesitate to contact your doctor or call emergency services if you experience a problematic symptom.
Question: What is a summary of what this article is about?
See a doctor if you're not sure you're having migraines. Visit your doctor if you can't manage your migraines with home care. Make an appointment if your symptoms change or get worse. Seek emergency treatment for severe headache symptoms.