As 2012 came to a close, most estate planners struggled to keep up with the flood of giving their clients engaged in to lock in the $5.12 million federal gift tax exemption before the amount went back down to $1 million on Jan. 1, 2013 (which, of course, never happened). Their primary focus was on tax minimization. But, as the authors of The Cycle of the Gift: Family Wealth and Wisdom point out,
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