Gifting is a powerful way to share your wealth, values, and legacy with the people and causes that matter most. Whether it’s supporting a loved one’s education, contributing to a favorite charity, or planning a thoughtful gesture for the holidays, giving can have a lasting impact. Charitable donations, in particular, can provide significant financial benefits, such as tax deductions, reductions in taxable income, or decreases in taxable estate value. These benefits vary depending on factors like your age, the amount you give, and the method of giving.
Gifting to family members is a meaningful way to share your success, support loved ones, and create lasting connections across generations. Whether you’re helping fund a child’s education, contributing to a retirement plan, or simply passing on a cherished family tradition, strategic tax planning can make your generosity even more impactful.
William G. Lako, Jr., CFP®, is a principal at Henssler Financial and a co-host on “Money Talks” — your trusted resource for your money, your future, your life — airing Saturdays at 10 a.m. on AM 920 The Answer. Mr. Lako is a CERTIFIED FINANCIAL PLANNER™ professional.
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.