Gifting assets to children or grandchildren is a popular strategy you can employ to reduce the taxable burden of your estate, and these gifts can come in a number of different forms: trusts, tuition payments, even medical payments.
In order to maximize the tax benefits of these gifts and efficiently navigate the gifting process, effective planning is crucial. In this new white paper, 2022 Estate and Gift Tax Planning, we discuss the various strategies available to you—and outline the key tax considerations you should keep in mind when using gifts to reduce your estate tax burden. Click the link below; if you have any questions, please don’t hesitate to get in touch with your team at GW & Wade.
GW & Wade, LLC is an independently managed financial advisory firm with approximately $10.5 billion in assets under management (12/31/21). The firm is headquartered in Wellesley, Massachusetts, with additional offices in Greater Boston, Silicon Valley and Metro D.C. For over 35 years, GW & Wade has served successful individuals and families, providing extensive investment management, and tax, financial, retirement and estate planning services. GW & Wade also provides equity compensation and tax planning services and seminars to the executive management teams of public and private companies.
In 2007, GW & Wade joined Focus Financial Partners as an indirect, wholly-owned subsidiary of Focus Financial Partners, LLC, which is now a subsidiary of Focus Financial Partners Inc., a public company.
Focus Financial Partners Inc.is a leading partnership of independent, fiduciary wealth management firms. Focus provides access to best practices, resources, and continuity planning for its partner firms who serve individuals, families, employers and institutions with comprehensive wealth management services. Focus partner firms maintain their operational independence, while they benefit from the synergies, scale, economics and best practices offered by Focus to achieve their business objectives.
The information provided above is the opinion of the author, general in nature and is not intended to represent specific investment or professional advice. No client or prospective client should assume that the above information serves as the receipt of, or a substitute for, personalized individual advice from GW & Wade, LLC, which can only be provided through a formal advisory relationship. Diversification and asset allocation do not ensure a profit or guarantee against loss. Past market performance is not a guarantee of future results.
Tax laws referenced and specific rates are subject to change.
Clients of the firm who have specific questions should contact their GW & Wade Counselor. All other inquiries, including a potential advisory relationship with GW & Wade, should be directed to:
Laurie Wexler Gerber, Director of Marketing GW & Wade, LLC 781-239-1188 firstname.lastname@example.org