Keep your money in the right hands

A well-crafted wealth transfer and estate plan can help you implement your vision for the future and create benefits for the people and causes that matter most to you. There are three places your assets can end up after your death: taxes, charity, or with loved ones as an inheritance. Proactive planning can help direct more wealth to the latter two buckets and less to the government.

Certain wealth transfer strategies, such as gifting, work better when implemented early or over an extended period. Creating a wealth transfer plan now can help you make the most of tax-free, as well as tax-advantaged, gifting strategies as you address specific goals for your wealth.

  • Annual exclusion gifts: You can gift up to $15,000 per year per recipient ($30,000 for a couple) free of gift taxes.
  • Payment of education and healthcare expenses: Payments made directly to a provider, such as a school or a physician.
  • Gifts to a spouse: You may make unlimited tax-free transfers to your spouse.
  • Gifts to charity: Gifts to qualified charities are not subject to gift tax, but the charitable income tax may be limited in certain situations.

By making gifts during your lifetime—whether to a charity or an individual—you have the opportunity to witness the impact of your gifts firsthand. If you have any questions, reach out to your Cerity Partners advisor or request an introduction today.

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