2024 gift tax rate: What it is, how it works and who has to pay it
The gift tax imposes a tax on large gifts, preventing large transfers of wealth without any tax implications.
4 min read
Oct 29, 2024
Kenneth Chavis IV
Senior wealth advisor at Versant Capital Management
Kenneth Chavis IV is a Senior Wealth Advisor at Versant Capital Management, a $900 million wealth management firm founded in Phoenix, AZ. Versant provides investment management, wealth strategy, financial planning, and tax advice to business owners, wealthy families, and women experiencing life transitions. Versant's advisors serve clients as fee-only fiduciaries, with an emphasis on growing and preserving multi-generational wealth.
Kenneth's career in the wealth management industry spans nearly a decade. In prior roles he served business owners and entertainers as a Senior Wealth Manager at LourdMurray and previously served executives, business owners and medical doctors as a Financial Advisor at Empirical Wealth Management.
Kenneth's experience includes providing advanced financial planning, retirement planning, tax planning and investment management to equity-compensated executives, business owners and engineers with stock compensation at many Fortune 100 companies on the West Coast, including Intel, Microsoft, Nike, Alphabet (formerly Google), Apple and Amazon.
Kenneth has received multiple industry awards and recognition, including the InvestmentNews 40 under 40 in 2023, the Investopedia Top 100 Financial Advisor in 2022 and 50 Under 50 by the Association of African-American Financial Advisors in 2021 and 2020, recognizing the most outstanding and influential Black and African American financial professionals in the country.
Kenneth has been interviewed on national television on the topics of personal finance, investing and the economy. He has also been quoted in financial media publications including Wall Street Journal, CNBC, Business Insider, TIME, Nasdaq, MarketWatch, NerdWallet, Bankrate and MoneyGeek.
Kenneth is a CERTIFIED FINANCIAL PLANNER™ professional, holds a Certificate in Financial Planning from Boston University and earned a Bachelor of Science in Business Economics from Hawaii Pacific University, where he graduated summa cum laude.
Kenneth is a member of the Financial Planning Association of Greater Phoenix and an advisory member of the Association of African American Financial Advisors.
Connect with Kenneth on LinkedIn and follow him on Instagram at @good4yourmoney.
Kenneth's latest articles
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Mortgage forbearance: What is it and how does it work?
Answers to borrowers most common mortgage forbearance questions
6 min read Oct 28, 2024 -
2024-2025 tax brackets and federal income tax rates
Preparing for the 2024 tax season and unsure about your tax bracket? Bankrate can help.
4 min read Oct 23, 2024 -
How much are closing costs when selling a house?
Selling a house isn’t free — here’s a breakdown of common closing costs for sellers.
6 min read Oct 23, 2024 -
Old vs. new homes: How old of a house should I buy?
The differences between an old house and a new house, plus the pros and cons of each.
4 min read Oct 22, 2024 -
How to choose a financial advisor: 6 tips for finding the right one
You’re actually hiring someone to work for you, so treat it like it’s a job interview.
7 min read Oct 21, 2024 -
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How to invest in bonds
Bonds bring income and diversification to a portfolio, typically with less risk than stocks.
11 min read Oct 10, 2024