Our Services – Gifting

Many of us spend our lives trying to accumulate and manage our assets so we can live a comfortable lifestyle.  If we are lucky, we can accumulate more assets than we need.  It is a good problem to have.   Gifting, if done correctly can pass assets to your family members or a charity and possibly save taxes as well.  Speak to a McRae advisor to discuss your gifting option and let us help you make the gift.


One of the most common and easiest ways to pass assets to others is through annual gifting.  In 2017, you can give up to $14,000 to any individual free of any gift taxes.  The gift can be cash or securities.  You can give this annual amount to as many different people as you wish.


Everyone is currently allowed $5.49 million in gifts during their lifetime that is free from federal gift taxes.  These lifetime gifts can occur during your lifetime, or during the estate process after your death.  Lifetime exemptions can be used for a variety of assets including: cash, securities, business interests, and real estate.  Large gifts will often involve trust accounts which you can learn more about here. Understand while these large gifts may be exempt from federal taxes, state gift taxes may apply.  Make sure you understand the gifting laws specific to your state before making a sizable gift.

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