Thoughtful Lifetime Gifting Strategies For Maryland Individuals
Last updated on August 1, 2025
Giving to your loved ones during your lifetime can be deeply rewarding. You see your generosity make a difference and experience the joy of helping others reach their goals. At Chisholm Law Group, LLC in Bethesda, we help you plan lifetime gifts that match your intentions and protect your financial future. Since 1986, our estate planning attorneys have offered clear, practical guidance to individuals, families and businesses. With decades of experience, we work with you to create a plan that fits your unique circumstances.
Lifetime Gifts And Their Benefits
There are many ways you can give while living. Lifetime gifts come in various forms, each with its own advantages. Unlike bequests in a will, these gifts let you see the impact right away and may simplify the administration of your estate. Some options include:
- Monetary gifts to children, grandchildren, charities or friends
- Gifts of real estate or personal property
- Transfers of stocks, bonds or other investments
- Contributions to education or health expenses
Lifetime gifts can lower the value of your taxable estate, potentially reducing estate taxes. You also have the chance to guide your beneficiaries and witness how your support helps them. Our estate planning lawyers help you weigh these benefits and structure your gifts to meet your goals.
Understanding Gift Tax Rules And Your Estate Plan
The IRS allows you to give a certain amount each year to any number of people without incurring gift tax. This is called the annual exclusion. There is also a lifetime exemption, which lets you give larger amounts over your lifetime before taxes apply. Planning your gifts with these rules in mind can help preserve more wealth for your loved ones. We work with you to ensure your gifts fit within your overall estate plan and do not unintentionally affect future inheritances.
Connect With Chisholm Law Group For Personalized Guidance
Our estate and trust planning lawyers are ready to help you create a gifting plan that matches your wishes and protects your assets. Call us at 844-991-1392 or send us an email to schedule a consultation with a member of our team.