Ep 168: Making Planned Gifts Before Death

Having to handle the estate of a loved one can be a difficult time because of the emotional ramifications that come along with making these financial decisions. We found an interesting article that explored the author’s personal experience with having to oversee his mother’s estate and everything that came along with that.  

 

Read more and get additional financial resources here: https://www.moneyandclarity.com/podcasts/

 

What we discuss in this episode: 

0:56 – Conflict in Ukraine

2:08 – The article we’re referencing

3:29 – Estate taxes

4:22 – Giving assets away before death

5:52 – Pros to giving away assets now

7:56 – Step up cost basis

9:38 – Irrevocable trust

10:51 – The biggest issue in the article

11:50 – Final thoughts