Gifting as an Estate Planning Tool: What You Need to Know

For many people, passing on money and property to their loved ones happens after they die. However, if you have a sizable estate, you may not want to wait until then to give your heirs their full inheritance. Under current federal law, individual estates valued above $10 million or $20 million per couple (indexed for […]

Explore the Tax-Saving Strategy of Lifetime Giving

Giving money or assets to your loved ones during your lifetime rather than having them wait until after your death to collect, is defined as lifetime giving. It is an estate-planning strategy used to reduce estate taxes by spreading gifts throughout your lifetime using certain exemptions created by the federal gift tax laws in the […]