Gifting Strategies for the Holiday Season

Can you believe the most joyous time of the year is upon us?! The holiday season is all about giving, right? But have you ever thought about how your holiday gifts could play into your bigger estate planning picture? Let's unwrap some gifting strategies that could benefit you and your loved ones.

  1. The Gift of Giving Now: Why wait? Gifting assets to your loved ones now can reduce your taxable estate. Plus, seeing their joy in real-time…priceless!
  1. The Annual Exclusion Magic: Did you know there's an amount you can gift each year without tapping into your lifetime exemption? It's like a holiday bonus for estate planning!
  1. Charitable Cheer: Feeling the holiday spirit? Consider gifting to It's a win-win - you spread joy and potentially gain some tax benefits.
  1. The Trusty Trust: Think of trusts as your estate planning gift wrap. A trust can help you control how your gifts are distributed and offer potential tax advantages.
  1. Family Business Boost: If you have a family business, gifting shares can be a strategic It's a way to pass on your legacy and possibly enjoy some tax perks.

So, as you deck the halls and spread holiday cheer, remember the holiday season is a perfect time to think about gifting in the context of estate planning. Cheers to smart giving!

Opinions expressed in the are those of the author and are not necessarily those of Raymond James. All opinions are as of this date and are subject to change without notice. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation.

While we are familiar with the tax provisions of the issues presented herein, as Financial Advisors of RJFS, we are not qualified to render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional.