What to Know About Valuations and Discounts in Estate and Gift Tax Planning (2024)

April 2024 Gift and estate tax planning is an important part of managing one’s finances, especially for those with considerable assets. Of course, with gifting and transferring assets comes some tax liability—a lot of which is ultimately determined by the valuation of the inherited or gifted assets. Valuations and discounts in estate and gift tax planning can become quite complex, which is why it’s usually best to consult with a financial advisor or other professional when coming up with an estate plan. Still, there are some things everybody should know when it comes to planning for estate and gift taxes, especially as it relates to discounts and valuation. View the full article here.