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.
Learn why Delaware is considered one of the most advantageous jurisdictions for personal trusts. Even if you don’t live in Delaware, there are numerous reasons why you should consider establishing a new trust in Delaware and why you should explore moving an existing trust to the First State.Wilmington Trust Company operates offices in Delaware only.
If stock options comprise a portion of your compensation, it’s imperative that you understand what you own and how to value it within your overall financial picture.A stock option gives you the right to buy a certain number of the company’s shares at a fixed price for a certain number of years.There are two principal types of stock options— “incentive options” and “non-qualified options”— each with unique rules and tax consequences.