Estate and Gift Tax Savings Through Net Gifts: Real or an Illusion?

Some estate planners herald Net Gifts for their tax saving capabilities.  (With Net Gifts, the Gift Tax on the Gift is not to be paid by the donor, but instead paid by the donee out of the proceeds of the Gift he or she receives.)  While this may seem like a good deal in theory, I have always believed that the tax savings from Net Gifts are an illusion.  We've put together an article with charts demonstrating why.  View and download a PDF of “Estate and Gift Tax Savings Through Net Gifts:  Real or an Illusion” here.

-  Gary Altman, Esq. and Michael Wolsh, Esq.

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