You Can’t Take It With You; Why Gifting Makes Sense
Gifting is a common estate planning strategy that gives a portion of assets to loved ones and charitable organizations. Gifting not only expresses love and affection for family and friends, but gifts serve other purposes as well. Gifts allow family members the opportunity to participate in the management of a family business, pay for medical costs, and college tuition. Additionally, gifts will reduce the size of the estate, and simplify the probate process. Lifetime or inter vivos gifts should be…