Lifetime Giving and Other Intrafamily Techniques
Making lifetime gifts is an important estate planning strategy. There are tax and nontax advantages for doing so. However, lifetime giving is not an unmixed blessing, and there are limitations and caveats that should be considered. Certain methods of selling property to family members and loans to family members also are described in this chapter.
MAKING LIFETIME (INTER VIVOS) GIFTS TO NONCHARITABLE DONEES
Lifetime gifts often are made directly (outright) to the recipient. However, gifts in trust and in other ways frequently are desirable, particularly in the case of gifts to minors. These issues are explored in this chapter.
Advantages of Lifetime Gifts
Lifetime gifts can be an attractive estate ...