Alexandru Cristian Humita was arrested on September 13, 2017 in Butler, Ohio on charges of PROBATION VIOLATION. He is 29 years old, 6'00 tall, with brown hair, blue eyes and weighs 180 pounds. Per the United States judicial system, Humita is presumed innocent until proven guilty.
Wills also provide directions regarding how your property should be distributed. If you die without a will, you lose the opportunity to tell your loved ones how to distribute your assets, so your estate will be distributed according to Washington law instead.
(If there were no gift tax, then anyone could completely avoid the estate tax by giving everything away just before death.) Under current law (for deaths in 2016), each of us can give away or leave up to $5.45 million without owing federal gift and estate tax. So, for example, if during your life you give your children your house, worth $1 million, plus another $4 million in stocks and bonds, no federal gift tax will be due.