Wealth Transfer and Charitable Giving

If your estate is worth over $5.45 million (the federal estate and gift tax exemption amount for 2016), establishing a wealth transfer and/or charitable giving plan is essential.

The federal estate and gift tax scheme, like the rest of our tax code, is incredibly complicated. But its saving grace is that many of the techniques used to reduce your estate tax liability can also be used to further your values. Annual gifting programs can help younger family members, for example, pay for college. And designating a charity or foundation as a beneficiary of your estate can significantly reduce your estate tax liability.

If you have questions relating to a taxable estate, contact us here or call 720-588-9830.