There are a number of strategies you can employ to reduce the taxable burden of your estate, and gifting assets to children or grandchildren is a popular one. These gifts can come in a number of different forms: trusts, tuition payments, and even medical payments, to name a few.

In order to efficiently navigate these gifting processes and maximize the tax benefits they can offer, it is important to plan effectively. In our new white paper, 2022 Estate and Gift Tax Planning, we discuss the various strategies you may wish to consider and outline the key things you should keep in mind when using gifts to reduce your estate tax burden. Click the link below; if you have any questions, we encourage you to get in touch with the team at XML Financial Group.

This communication is for informational purposes only. No content or reference to a third-party article is intended to be a recommendation for the sale or investment in any product, strategy or service nor should it be perceived as individual advice. This commentary does not necessarily reflect the opinions of all employees or XML Financial Group and its affiliates (“XML”).  XML is not responsible for any actions taken related to this information.