Gifting

Estate Planning

• Family Limited Partnerships
• Irrevocable Life Insurance Trusts
• Grantor Retained Interest Trusts
• Wills and Living Trusts
• Gifting
• FAQs
• Getting Started

Gifts are a simple and effective estate planning tool.  Gifts are useful where you have an asset that is likely to appreciate in value over a period of time and you would like to save Federal estate taxes on that potential growth. They are also useful where you would like to see your child or grandchild benefit from the asset during your life for nontax motives.  Gifts also reduce probate costs and administration expenses.

Gifts include any transfer from one person (the donor) to another (the done) where the person giving the asset doesn’t receive anything in return for the gift. Gifts include the forgiveness of a debt, interest free loans, transfers of property to a trust, and assignment of benefits of a life insurance policy.

Many individuals and families are hesitant to make gifts. We can help you determine whether gifting is appropriate for you, and design the gift to meet all of your goals and objectives.