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Daily Archives:Friday, April 5, 2013

Gifts During Life Can Support Good Estate Tax Planning

April 5, 2013

It almost seems counter-intuitive, but giving gifts can be a positive contribution to many estate plans. In Florida as well as elsewhere, estate tax planning and other objectives can be served by gift-giving. This is first of all a tool that can be appropriately used to transfer assets out of a person’s estate while he or she is living. That will generally serve the purpose of lessening federal estate taxes, along with possible state inheritance taxes and administrative fees at death….