There are a variety of ways you can minimize your future estate tax burden. The most popular method is strategic gifting of assets to heirs, but that’s just one of the available options; tuition payments, medical payments, and even placing assets in trust for future use are all viable strategies as well, depending on your heirs’ needs.
These myriad options also introduce a variety of complex tax planning considerations that you’ll need to consider in order to maximize the estate tax benefits and minimize the tax burden associated with gifting assets. In this whitepaper, 2022 Estate and Gift Tax Planning, we discuss the key considerations and relevant sections of the tax code that you’ll need to keep in mind before gifting assets to a loved one. To download the full whitepaper, click the link below; if you have any questions, please don’t hesitate to get in touch with the team at Telemus.
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