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Gifting

Give It Away Now
  • Deirdre R. Wheatley-Liss
Chapter

Abstract

After I go through the whole discussion of what estate taxes a family might be facing, I often get this question: “What happens if I give my stuff away now instead of waiting until I die?” The answer isn’t as simple as you may think. My initial reply is, “Does making a gift move you toward your goals?” After all, once you give away dollars, they’re gone; you can’t take them back. If that isn’t a roadblock, what about the fact that gifting could create taxes instead of saving them? Read on.

Keywords

Real Estate Capital Gain Annual Exclusion Vacation Home Apple Stock 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© Deirdre R. Wheatley-Liss 2013

Authors and Affiliations

  • Deirdre R. Wheatley-Liss
    • 1
  1. 1.NJUS

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