People make gifts for many reasons. Although most are not tax-motivated, it’s important to understand the tax rules surrounding gifts so you don’t inadvertently create tax problems.

If your estate is large enough to potentially incur estate taxes, gifting over time can be a simple and effective strategy to reduce estate taxes and increase the wealth transferred to your beneficiaries.

In this section you will learn about:

  • Marital deduction gifts
  • Three types of gifts (if no marital deduction is available)
  • The type of assets you should consider when making gifts

Marital deduction gifts

Three types of gifts (if no marital deduction is available)

Assets to consider when gifting