Padden Financial Planning’s Sheila Padden was recently quoted at FinancialPlanning.com, in an article discussing smart ways to gift assets in a tax-advantaged way.
The article, by Donald Jay Korn, discusses the term “upstream” gifting, where assets can be transferred to aging parents, especially when they are in lower income tax brackets. Sheila explained:
“For income shifting, client motivation usually results from a desire to make gifts to parents or adult children who are in much lower tax brackets.”
Other similar intergenerational asset transfer scenarios are also discussed. Click here to check out the full article at Financial-Planning.com.
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