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 See omnystudio.com/listener for privacy information.