The Power of Proper Gifting – Estate Planning Mistake #5

By law every American can gift $18k annually, to anyone they want, completely gift, estate and income tax free. Many are reluctant to use their gifting allowance for several reasons:

* Because the gift is irrevocable, they incorrectly believe that the asset is unavailable to them during the balance of their life.
* They erroneously believe that if they give the gift today, they could run out of money.
* They mistakenly believe that the gift must be given to the beneficiaries in spendable cash now and therefore will lessen their incentive to work.
* They don’t understand the power of The Gift Tax Leverage Strategy.

In this week’s episode I will explain how proper gifting will not only give the giver fulfillment during their life, it can produce generations of powerful, productive people. I will also show you how to leverage your annual gifts to the max.

Chapters 

00:30 – Toy Story – The Woody and Andy saga
02:00 – The power of leveraged gifting
03:25 – Never run out of money and fly first class forever
04:20 – 2024 annual gift allowance = $18,000 to as many people as we want
05:45 – Gift Tax Leveraged Strategy (GTLS)
06:15 – GTLS example:  Couple age 65, annual deposit of their combined annual $36k gift to one child = $3,000,000 TAX FREE estate
8:30 – Call 1-888-892-1102 to receive your personal example of The Gift Tax Leveraged Strategy
9:00 – Wealth Creation Strategy Table
11:00 – Next episode topic revealed – How to Solve The Long-Term Care Crisis

 
Learn more:
* Wealth Creation Strategy Table
* Estate Planning Made Easy website

* shop.empez.com, use discount code:  EPMEZ  to receive a 50% discount
* The 10 Most Common Estate Planning Mistakes, 4th Edition, by David T. Phillips
* Generational Wealth Strategies newsletter

Contact:
Estate Planning Specialists at 888-892-1102
The Durfee Law Group at 480 324-8000

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