That question is really just another way of asking “Have I saved enough to provide for myself for the rest of my life?”  You must weigh whether a lifetime gift jeopardizes your retirement needs— including long-term care costs—against the enjoyment of seeing loved ones or charities benefit from your gifts.  Generally, people wealthy enough to plan to avoid federal estate taxes can afford to give some gifts during their lifetimes.

This article is for informational purposes only and is not intended as an offer or solicitation for the sale of any financial product or service. It is not designed or intended to provide financial, tax, legal, investment, accounting, or other professional advice since such advice always requires consideration of individual circumstances. If professional advice is needed, the services of a professional advisor should be sought.

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