Why Some Families Are Gifting Assets “Upstream” to Reduce Future Taxes
When most people think about gifting strategies, they picture money moving from parents to children or grandchildren. But in some situations, families may benefit from thinking about wealth transfers in the opposite direction. It’s called “upstream gifting,” and while it’s certainly not appropriate for every family, it’s one example of how in certain circumstances, coordinated estate and tax planning strategies may help improve tax efficiency for […]