Financial advisers tell clients to make major gifts to heirs

11/8/2012 | InvestmentNews (free registration)

Anticipating that the federal $5.12 million gift-tax exemption will be slashed, financial advisers are telling wealthy clients to pass large amounts of money to heirs as gifts before 2013. Although lawmakers have some time to prevent the exemption from automatically dropping to $1 million next year, wealth management experts doubt the exemption will ever be as generous as it is now.

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