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[Music] hi im ernie zor and i have the pleasure of narrating pure to spring softwares 30 second frequently asked questions video of all our videos i think there are over a hundred actually the gift tax video is by far the most popular so the subject ill be dealing with here is split gifts its something thats regularly asked by our users so i hope this video helps answer some questions that you might have ill try to give some typical examples along the way and that should make it easier to understand how to handle split gifts in 25 words or less split gifts are gifts whose value is split between the spouses and why would you bother with something like that well you may not know it but theres a tax on gifts when they docHub specific amounts so one reason spouses choose to split gifts is to avoid the gift tax however as youll see the cumulative lifetime exclusion amount is at the time of this video is over 11 million dollars so in most and in many or most circumstances you wont ne
