Gift-giving can allow you to reduce your taxable estate and help your beneficiaries before you’re gone. There are several ways to give gifts to family, friends or charitable organizations without getting hit with large tax penalties.
Designating these gifts while you are still alive allows you to carry out your specific wishes, keep your money free of tax burden in many cases, and also avoid leaving assets tied up in probate.
The more you can do with your estate while you are still around to make decisions and act on them, the fewer decisions your family will have to make later.
Over the past 22 years, the Law Offices of Christopher A. Benson has helped more than 900 clients prepare and utilize simple and effective planning techniques to protect them and their families in order to avoid probate, save estate taxes, save money and save added emotional burden that comes from long term illness and/or death of a family member. Give us a call to schedule a free consultation to find out how we can help you and your family.
About the Author
Chris served on the Board of Directors for Habitat for Humanity
Seattle/S. King County for 10 years and served as Vice President
of the organization during part of that time. Read More