INHERITANCE VS. GIFTING: WHAT IS THE BEST WAY TO SHARE YOUR WEALTH GIVEN THE CURRENT TAX CLIMATE?

From their first steps to their first apartment, you’ve been there to support your children through life’s many ups and downs. Naturally, you have and always will want what is best for them. Sharing your wealth with them once you are gone, then, will be no different.

Traditionally, parents plan to share their wealth by leaving their children an inheritance. That is, assets are bequeathed and shared after the parents’ passing. But, should an inheritance strictly be just that? What if you could enjoy seeing your children receive and utilize parts of their inheritance while you are still alive? Read the full article...