• Year End Gift Planning
  • January 9, 2004 | Author: Rose M. Parish-Ramón
  • Law Firm: Broad and Cassel - Miami Office
  • As the end of the year draws near, you should review your estate plan to ensure that you have taken full advantage of the vehicles that are available to reduce your gift and estate taxes. An important part of an estate plan includes a lifetime gift program, which may include gifts to family members, charities and others. Lifetime gifts are an effective way to reduce the value of your estate for estate tax purposes and to reduce your income for income tax purposes in some cases.