Tips About Gifting

Lifetime gifting, to children or others, has been a popular technique to reduce estate taxes for a long time. Currently, with estate tax exemption amounts exceeding $11 Million per person, most people do not have an urgent tax savings motivation for making gifts. However, this doesn’t mean that sticking to a gifting program is without value. The ultimate measure is at death and, at that time, your property is likely to be worth more than it is today and it’s entirely possible that the amount exempted from taxes will be less. Aside from tax savings, our clients see at least 2 […]