The best financial planning tips benefit everyone involved. By transferring your annual exclusion gift to your beneficiaries at the first of the year, everyone benefits.
Benefits to You
You already know how to reduce the amount of estate tax you or your heirs will have to pay. Up to $15,000 a year can be given to beneficiaries.
Benefits to Your Heirs
When you give your heirs the money you plan to bestow at the beginning of the year instead of the end of it, they can invest it or save it. The earlier they have it, the more interest they can make.
Start the year off with a boost!