The Benefits of Gifting The obvious manner to minimize estate taxation is simply to reduce the size of your estate. It is also permissible by the Internal Revenue Service for couples to “split” gifts to a third party; this is accomplished by having the spouse “join” in the gift. Also, remember each person has a

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Intentionally Defective Grantor Trusts–What is It and Why Do I Want One? How about transferring an asset to a trust so it will be removed from your estate and therefore not a taxable estate asset, but retaining enough “strings” to the asset so that any income taxation will be paid by yourself and this income

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