Thoughtful Annual Gifting

Building Your Family Legacy

At Beese Fulmer, we view annual gifting as more than a tax benefit—it's a powerful way to strengthen family values, promote financial stewardship, and achieve lasting legacy goals. To support our clients in this journey, we've developed our Beese Fulmer Gifting Calculator, helping families make informed decisions aligned with their vision.

The 2024 annual gift exclusion allows individuals to give up to $18,000 per recipient without impacting their lifetime exemption or triggering gift taxes. This limit will increase to $19,000 in 2025. For example, married couples can collectively gift up to $36,000 per recipient annually, meaning they could transfer $72,000 to two children completely tax-free. This approach proves particularly effective for families looking to reduce their taxable estates over time.

Recent data highlights the significance of gifting in wealth transfer planning:

In 2021, approximately 202,000 gift tax returns were filed, representing $80.2 billion in total gifts (IRS data)
According to a 2019 Northern Trust study, families implementing annual gifting alongside trust planning reduced estate taxes by up to 35% over two decades through tax-free transfers and reduced taxable estate values

Intentional gifting serves multiple purposes beyond tax efficiency:

Research indicates that beneficiaries receiving structured financial gifts develop stronger asset management skills and financial responsibility
A 2022 U.S. Trust survey found that 55% of high-net-worth families using regular gifting strategies engage in productive family discussions about financial values
Fidelity reports that 60% of families using structured gifting approaches observe improved financial stewardship among younger generations

Our Proprietary Annual Gift Calculator helps you:

Model different gifting scenarios and their long-term impact
Evaluate potential tax savings while maintaining your desired lifestyle
Create a structured approach to family wealth transfer
Use gifting as a platform for meaningful family discussions about wealth stewardship

The calculator serves as a valuable tool for starting important conversations about financial values and legacy planning within your family. By analyzing various gifting scenarios, you can develop a plan that aligns with both your financial goals and family values. Beese Fulmer Gifting Calculator

Annual gifting creates a foundation for both financial stability and value-driven legacy planning. Our team at Beese Fulmer, supported by our Annual Gift Calculator, can help you develop and implement a gifting plan that serves both your immediate and long-term family objectives.