Wealthy clients who want to bequeath more than $5.43 million -- the threshold that kicks in for estate taxes -- should consider spreading out their gifts to heirs while they are still living.

Each year during their lives, clients can give up to $14,000 per person to as many people as they want before they have to pay gift taxes, says David D. Holland, chief executive of Holland Financial Inc. in Ormond Beach, Fla.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access