Lifetime gifting to avoid the estate tax was possible shortly after the enactment of the death tax in 1916. However, to close this window, a gift tax which is now unified with estate tax, was put in place.
Mark S. Eghrari is an attorney in private practice in Smithtown, New York. He has been in practice since 1988. Mark S. Eghrari provides extensive estate and tax planning services to individuals and businesses. Mr. Eghrari’s primary focus is helping clients avoid probate, minimize or eliminate Federal and State Estate taxes and protect their assets from the high cost of nursing care, if they become ill.