Here are nine ways to pass down generational wealth tax-free

In 2025 , you can give any number of people up to $19,000 each in a single year without incurring a taxable charge.

For spouses “splitting” gifts, the limit is $ 38,000 .

Generation-skipping trusts enable you to transfer assets directly to grandchildren or future generations.

Step-up in basis tax provision adjusts the cost basis of an inherited asset to its fair market value on the date of the previous owner’s death instead of the current one.