Overview
Jay Rivlin suggested a long-term strategy to make gifts into a trust to build up a nest egg for the recipient’s future, noting that “once you’re comfortable with your balance sheet, the sooner you give to your kids, the better.” Mr. Rivlin also advised supercharging gifts by giving shares of a family limited partnership or a limited liability company. “You can give more because you’re discounting the underlying assets,” he noted. Read the full article.
