If you have a large estate, gifting assets during your lifetime is a strategic way to help reduce estate taxes and maximize the inheritance your beneficiaries will one day receive. Gifting during your lifetime also gives you control of how your assets are distributed and provides you the opportunity to see your beneficiaries put your gift to use. If you are also married, you can significantly increase your potential gifting amount through the portability provision, which is an extremely valuable tool available for married couples to make the most of their gifts. Read the full article here: Jan 2025 Reduce Estate Taxes With Portability Provision 011425
