Basic Questions About Estate Planning – What is Gift Planning

Many people who create an estate plan in Florida include gift planning as a key part of their efforts. In this week s blog post in our ongoing series on basic questions about estate planning in Florida, we are going to take a closer look at gift planning and what it involves. While a good gift plan can be an essential part of estate planning, these are not always necessary tools. This is why it is always important to speak to your estate planning attorney about your planning options to determine if a good gift plan is something you should or should not include. What is gift planning? As the name implies, gift planning is simply the process in which you determine the best way to give gifts as a part of your estate plan. A gift can be given both before and after you die, but are most often given while you are still alive. You can give gifts in addition to, or in lieu of, leaving inheritances. Also, you can give gifts for a variety of reasons. For example, many people choose to give lif


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