Traps to Avoid in a Lifetime Giving Program

Posted on

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

About the Author

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

More Insights from Keiter CPAs

The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.


How Can We Help You and Your Business?

Innsbrook Corporate Center
4401 Dominion Boulevard
Glen Allen, Virginia 23060

804.747.0000 or 804.273.6200