Transfer Wealth Tax-free

You might think of the gift tax as the lesser of two evils for transferring wealth, with the other evil being the estate tax. Certainly, it can be cheaper to pay gift tax rather than estate tax, because of the gift tax's nature.1 But always remember: There is a third way. A donor can transfer wealth during his lifetime without paying any tax on the transfer. If a donor has liquid assets and at least

You might think of the gift tax as the lesser of two evils for transferring wealth, with the other evil being the estate tax. Certainly, it can be cheaper to pay gift tax rather than estate tax, because of the gift tax's “tax-exclusive” nature.1

But always remember: There is a third way. A donor can transfer wealth during his lifetime without paying any tax on the transfer. If a donor has liquid assets and at least several years to engage in wealth transfer, a strategy usin

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