Pre-Mortem And Post-Mortem Gift Planning

• Estate analysis and projection of tax benefits from lifetime gifts
  
  
• Design of gift programs to maximize benefits passing to donees
  
  
• Gifting by surviving spouse of estate tax payable by younger generation
  

• Implementation of discounting techniques to reduce costs of transfer for gift tax purposes
  
  
• Preparation of federal gift tax Returns

Attorneys

Programs of lifetime gifts, rather than transfers at death, often provide valuable opportunities to transfer wealth to the younger generation at minimum cost. The IRS allows discounts of fractional and minority interests in valuing gifts. In addition, the anomaly that taxes on gifts are not included as part of the gift itself, whereas testamentary transfers bear their own taxes, and may actually make lifetime gifting more favorable. We frequently recommend implementing such programs to our high net worth clients.

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