This year may offer a rare opportunity to transfer wealth efficiently by making taxable gifts, particularly to grandchildren. We've previously shown that taxable gifts almost always are more efficient for transferring wealth than bequests.1 But this year, they're even more so. At 35 percent, 2010 has the lowest federal gift tax rate seen in the United States since 1934. Also, as of this writing, the 2010 repeal of the generation-skipping transfer (GST) tax was still in place. This
All access premium subscription
Please Log in if you are currently a Trusts & Estates subscriber.
If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.
Questions about your account or how to access content?
Contact: [email protected]
