Gifting assets during life allows individuals to minimize their estate tax liabilities at death. Gifting is a strategy that can preserve wealth for future generations by minimizing.
We are currently in the midst of the "great wealth transfer": A recent study found that $53 trillion in wealth will be transferred from boomers onto the next generation between now and 2045. If you're.
After months of speculation, 2022 began with no new federal estate and gift tax legislation. As the proposed legislation wended its way through the legislative process in 2021, the.