Lifetime Gifting Growing In Popularity
The USA Today recently ran a very interesting article on what appears to be a growing trend in the country toward more use of lifetime transfers of wealth. What is especially encouraging is that such wealth transfer techniques as charitable trusts and inter vivos, or living, trusts, are finding greater use among those outside the reaches of the very high net worth families. As I have commented previously, any family wealth plan should, to the extent feasible and advisable, incorporate lifetime gifts and other lifetime transfer techniques. The USA Today article would suggest that more people are thinking about their family's future and their own legacies, and are doing proper planning to achieve those goals. And that, as Martha Stewart would say, is a good thing.
