Gift Tax Planning
Each year, there is a limit on how much you can gift of your assets and property without having to pay taxes for the gift. If you gift some of your assets during your lifetime, your estate will be smaller at the time of your death, and your loved one will pay less estate tax.
You need expert advice from an attorney in order to set up a Gift Tax Strategy. You will need help determining whether a Gift Tax Strategy is right for your circumstances, assets and plans. You also want expert advice and guidance throughout the process so that you end up with a Gift Tax Strategy that reflects your vision and achieves your goals and is cohesive with your estate plan.