Lifetime gifts versus will bequests in inheritance tax planning

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

When planning inheritance tax, deciding between lifetime gifts and will bequests involves weighing immediate control against potential tax savings. Giving assets away while you're alive can reduce your estate's value, possibly lowering the tax bill, but it means losing ownership and access. A will bequest keeps assets in your hands until death, offering flexibility but potentially exposing them to higher taxes. It's a trade-off between generosity now and security later.