Under current law, the present is a wonderful time for the wealthy to gift. Many wealthy people are taking advantage of current legal conditions to pass along significant wealth now as opposed to waiting until death. However, there is an important caveat: you should only gift assets that you’re completely sure you will never need. If in doubt, do not gift. For those with excess wealth, current law provides excellent incentives for gifting now. For example, in 2011 and 2012, you can gift … [Read more...] about Gift Now!