When it comes to your gifting plans at year-end, it is best to start early. Whether you have charitable intent, or need to think about estate planning or securities transfer, it may take time to achieve your goals within the calendar year. Our advisors discuss tips and tax strategies for year-end gifting, from cash to larger gifts of property, securities or gifts within a trust.

A revocable (or living) trust could be an important part of your estate plan. How do you decide if you need one? We discuss the benefits of a revocable trust, the difference between a will and a revocable trust, why you likely need both, and dispel some myths along the way.

Depending on the type of asset that you inherit and whether you decide to sell it later, income taxes might come into play. Our experts discuss income taxes and common misconceptions about inheriting a home or other real property, the importance of the “step-up” in basis, and what you need to know if you inherit an IRA, individual securities or other valuable collectibles.

Gifting can be a great way to support your loved ones, although its best to put some thought into choosing the best way execute your gift. Our experts dive into how to understand estate and gift tax exemptions and why you might want to gift partial interest in your private business. We also discuss how to take advantage of the federal annual gift tax exclusion, giving to a 529 college savings plan or UTMA, and even paying directly for medical expenses or tuition.