6 stories from the week to December 7, 2025, in the order they matter to someone who pays the top rate.
December 6, 2025 at 12:06 PM PST
A tender at roughly double July's price would hand SpaceX staff a large liquidity window before a possible 2026 IPO, and the tax bill depends on whether shares came from RSUs, ISOs or purchases.
UBS's Billionaire Ambitions Report tallied $297.8 billion passed to heirs this year, a preview of the gifting, trust and basis questions facing far smaller family fortunes too.
Notice 2025-68 spells out who can open the new children's accounts, how the $1,000 pilot deposit works, what employers may add tax-free and why most of the money will not carry tax basis.
Starting in 2026, itemized gifts face a 0.5%-of-AGI floor and a benefit capped near 35 cents per dollar for top-bracket donors, which makes December 2025 gifts and donor-advised fund bunching more valuable.
The $250-per-child gift uses the new qualified general contribution route, a structure that lets foundations and charities fund a whole class of children at once, outside the $5,000 annual cap.
A finalized rule keeps Letter 627 at $56 instead of $67, closing the door on any reversal as executors of large 2025 estates prepare to request it.
General information, not tax, legal or investment advice.