A Guide to Gifting (Non-Charitable)

Updated for 2024 with additional data and strategies, this guide walks through the major types of non-charitable gifts that you might want to consider for estate planning.

Making lifetime gifts is one of the most common, tried-and-true strategies to reduce estate tax liability. There’s more than one kind of gifting, however, and each type of gift has a different set of requirements. Some gifts and donations are income tax deductible, while others are not, and subject to gift tax. We’ll walk you through the major types of non-charitable gifts that you might want to consider.

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