Should I Start Gifting Money (or Even My House) to My Kids?
Nov 11, 2020
3 minutes
When thinking about estate planning, inevitably comes the question of where will I leave my assets when I'm gone? Once you've decided who gets what, who will be your executor/executrix and who will be your power of attorney or trustee comes a deeper question: Would I rather leave my assets to them now or when I'm gone?
While most people plan for where their assets go when they're gone, not as many have thought about giving away some of those assets while they are still alive. Today I thought we'd explore the pros and cons of giving away your assets while you're still alive.
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