Cut your estate tax obligation while you’re still here.

If you have more than $5.49 million in assets, you may want to give this a read. While most of us don’t need to worry about estate tax obligation, others could use this information. A recent article by US News and World Report tells how to cut estate tax obligation acting now.

“One of the most effective strategies for lowering estate tax is giving money to your heirs while you’re still alive, and the U.S. tax code provides a number of ways to do that, including outright gifts of cash.

You can also give unlimited gifts to charities while you’re still alive, taking whatever tax deductions those donations generate. Wealth managers often advise clients to do their charitable giving while they’re still alive and can enjoy the results.”