A comprehensive estate plan typically incorporates a wide variety of estate planning strategies and tools. Many of those strategies and tools are aimed at reducing an estate’s exposure to gift and estate taxes. The overall key to reducing gift and estate taxes is to transfer as many assets as possible out of your estate prior to your death as possible. One way to accomplish this is to make use of the annual gift tax exclusion. Gift and estate taxes are potentially levied on the estate of a … [Read more...] about What Is the Annual Gift Tax Exclusion?