Yes, and for many families these gifts are considerably more tax-efficient than giving cash. Contributing a long-held appreciated asset directly can allow you to deduct its fair market value while generally avoiding the capital gains tax a sale would trigger. These gifts require valuation, careful timing, and a receiving vehicle equipped to accept them, so they should be planned with your tax and estate team well in advance of any transaction.
We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.
