The Net, Net Gift Revisited

It’s a well-known fact that lifetime gifts are more tax-efficient than transfers at death. Many estate-planning strategies for high-net-worth clients seek further tax savings by reducing the amount of the gift for tax purposes. One such strategy that may be useful for older clients is the “net, net gift.”¹

The net, net gift is a variation on a traditional net gift. A traditional net gift is a gift conditioned on the donee paying the donor’s gift tax