Definition
Strategic transfer of property to heirs or others during lifetime reducing estate tax liability.
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Annual gift tax exclusion ($19,000 per recipient in 2026) allows tax-free transfers. Lifetime gifts reduce taxable estate. Reduces estate taxes at death.
Pro Tip
Gifting strategy can eliminate estate taxes; coordinate with estate planning attorney for optimal results.
Example
Transferring $19,000 a year (the 2026 limit) to child tax-free through gift exclusion, over time removing property from taxable estate.