Lifetime gifts versus will bequests in inheritance tax planning

https://atomic-wiki.win/index.php/Lifetime_gifts_versus_will_bequests_in_inheritance_tax_planning

When planning inheritance tax, weighing lifetime gifts against will bequests often comes down to timing and control. Gifts can reduce your estate's value immediately, but you lose access and must survive seven years to fully avoid tax. Bequests keep assets under your control until death, yet they remain taxable. Each path has distinct trade-offs depending on your family's needs.