Wealth Insight: You have options to realize your gifting goals, starting with the questions to ask before you even start planning.
The family guide to lifetime gifting
You’ve achieved success and you want the same for your family—children, grandchildren, spouse, and siblings—maybe even friends. What better way to offer a head start in life than by gifting money?
It’s fulfilling, and can offer a potential side benefit of positively affecting your estate plan. And, as joyous as giving can be, numerous technical, legal, tax, and other implications can muddy the waters. (The good news: there are professionals to help you through it). But, before you start gifting, start planning. Discuss with your spouse or partner what you have, why you want to give, and how much.
Read our guide on how a lifetime gifting strategy may be a smart philanthropy planning tool for you.
This information should not be relied upon by the reader as research or investment advice and is intended for educational purposes only.
Neither SEI nor its affiliates provide tax advice. Please note that (i) any discussion of U.S. tax matters contained in this communication cannot be used by you for the purpose of avoiding tax penalties; (ii) this communication was written to support the promotion or marketing of the matters addressed herein; and (iii) you should seek advice based on your particular circumstances from an independent tax advisor.
SEI Private Wealth Management is an umbrella name for various wealth advisory services provided by SEI Investments Management Corporation (SIMC). SIMC is a subsidiary of SEI.
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