Understanding the Gift Tax While December is the season of giving, it's also the season of estate planning. That's because December is the last month of the year to take advantage of the low gift tax rate. So while you're planning what gifts to give, you can think about giving gifts of your estate, which can help reduce the potential estate tax burden to your family in the future.
An important part of estate planning is protecting your family from paying a fortune in estate taxes. Our Estate Taxes articles are full of tips to help you navigate this often-confusing area.