By Colleen Weber, CFP^®, CPA

Giving gifts is often more fun for the giver than the person receiving the gift. Some people are better at giving gifts than others and you could even say there is an art to giving gifts. It takes time, consideration and intentional planning to find just the right gift for a particular person. However, when gifting a large amount of money, valuable items, or other assets as part of an estate plan, there are some important things to think about. As a donor, you need to be aware of the tax benefits and rules but also decide what you want to give, who you want to give to, how much, and what method to give. Here are some tips to consider when reviewing your estate plan.