You have a variety of gifting strategies and opportunities to choose from to distribute your assets to family members and other beneficiaries including:

  • Beneficiary designations
  • Gifting to individuals and trusts
  • Intentionally defective grantor trusts
  • Annual exclusion gifts
  • Gifts for medical and education expenses
  • Lifetime exemption gifts

You also have to consider the tax consequences of your gift. The gift tax, generation skipping transfer tax and income tax are important considerations when putting together your gifting strategy because the rules are complex. You want to be sure you are gifting to your beneficiaries in the most tax-efficient way possible.

Our estate and gift planning professionals can help you choose the gifting strategy that best fits your goals and gives you the most tax benefits, prepare your gift tax returns and work closely with your attorney and financial advisor to make sure it all fits into your estate plan.

Questions? Fill out the form to the left to contact Pamela Wheeler.