With firmly-established exemption levels for estate and gift taxes, clients have more clarity on what they can do to limit taxation of their estates.

The estate and gift tax exemption is the dollar amount that an individual can transfer to heirs that is sheltered from federal estate or gift taxes. Individuals may take advantage of this exemption if they choose to gift assets during their lifetimes, to leave wealth to heirs upon death, or a combination of both strategies.

Some clients may not realize the options available when considering gifting.

Here are some planning considerations for clients who may be considering gifting during their lifetime.


Estate planning is an important part of a comprehensive financial plan. Exploring the options for giving during a lifetime, or waiting until the end of life, may offer a range of tax advantages to clients.