Lifetime gifts versus will bequests in inheritance tax planning

https://atomic-wiki.win/index.php/Lifetime_gifts_versus_will_bequests_in_inheritance_tax_planning

While lifetime gifts can reduce inheritance tax by shifting value early, they come with a seven-year survival period; will bequests offer certainty but are immediately taxable. Balancing both requires careful consideration of your assets and timelines, often making a mix the smartest approach to minimize the tax burden on your heirs.