Strategies to Transfer Property

Free CFP Exam lesson in Estate Planning. 18 min read, ~2,690 words.

Lifetime gifts remove the asset and all future appreciation from the taxable estate, but the donee takes a carryover basis. Gifted property carries the donor's basis (carryover); inherited property gets a step-up, so gifting highly appreciated assets can trigger large capital gains. Annual exclusion is $19,000 per donee (2026); gift-splitting...