There are many ways to transfer property during an individual’s lifetime in a manner designed to avoid or minimize federal estate and gift tax. However, many of these opportunities can backfire if the transfer is not properly structured. With 2012’s favorable estate and gift tax regime possibly going away in 2013, we expect, there will be a lot of gift giving over the remainder of 2012. With that in mind, we thought a list of the top 23 do’s and don’ts for lifetime giving was in order. Traps to Avoid in a Lifetime Giving Program
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