Multi-Recipient Gifting Strategy
Multi-Gifting Strategy to Reduce Estate Taxes
A powerful IRS-approved strategy for high-net worth families and business owners in New York, New Jersey, Maryland and Delaware. Learn how annual exclusion gifting can remove millions from your taxable estate-tax-free- while protecting your legacy.
How Annual Gifting Works
The IRS allows you to make an unlimited number of gifts each year, as long as each gift to any one person does not exceed the annual exclusion amount. Each qualifying gift is completely free of federal gift tax and does not reduce your lifetime exemption.
Key Points
The exclusion applies per recipient
You can gift to unlimited recipients
Married couples can double the exclusion
Over time, this strategy can remove millions from your taxable estate
Why This Matters In NY, NJ, MD & DE
Why Multi-Recipient Gifting Is Critical in Your State
New York
New York's estate tax exemption is far below the federal level, and the "cliff rule" can cause the entire estate to be taxed if you exceed the threshold by even a small amount. Annual gifting helps keep your estate below the cliff.
New Jersey
New Jersey no longer has an estate tax, but it still imposes inheritance tax on siblings,nieces,nephews,and unrelated heirs. Lifetime gifting avoids this tax entirely.
Maryland
Maryland has both an estate tax and a 10% inheritance tax.Multi-recipient gifting reduces estate size and avoids inheritance tax for non-lineal heirs.
Delaware
Delaware has no estate or inheritance tax. Residents focus entirely on federal planning and maximizing the annual exclusion.
How The Strategy Works
How a Multi-Recipient Gifting Strategy Works
Instead of making large taxable transfers,you can systematically gift the annual exclusion amount to multiple recipients each year.This gradually removes wealth from your estate while keeping you in full control of your plan
Steps
Identify all eligible recipients {family,friends,business partners,trust}
Set annual gifting targets based on your estate reduction goals
Use trusts (ILIT's,Crummey trust,SLATs) to multiply the impact
Prioritize state-specific risk(NY cliff,NJ Inheritance tax,MD dual taxes)
Review and adjust annually as laws and assets values change
Example Strategy
Example: High Net Worth Gifting Plan
A married couple with 10 recipients (children,grandchildren,siblings,and a trust) can gift the annual exclusion amount to each recipient every year.
Impact
10 recipients x annual exclusion
Married couple=double exclusion
Removes hundreds of thousands per year
Over 10 years,removes millions-tax -free
This can eliminate estate tax exposure in NY and MD and avoid inheritance tax in NJ
Business Owner Opportunities
Special Opportunities for Business Owners
Business Owners can gift minority interest in LLC's or family partnerships. These interest may qualify for valuation discounts,allowing more value to be transferred within the annual exclusion. This is especially powerful in NY and MD where estate tax thresholds are low.
Call To Action
Build your Multi-Recipient Gifting Strategy
Your estate plan should reflect your assets, your family structure, and the states where you live and own property. If you live in NY ,NJ,MD or DE, a coordinated gifting strategy can significantly reduce future estate and inheritance taxes.
Life Insurance For Estate Planning
Protect Your Family, Reduce Taxes, and Preserve Wealth
Life insurance is one of the most powerful estate planning tools. It provides tax-free liquidity, protects your heirs, and can help reduce or eliminate estate tax exposure.
Why Life insurance Matters in Estate Planning
Provide immediate liquidity
Helps pay estate taxes
Prevents forced sale of property
Equalizes inheritances
Supports business succession
Strategies We Use
ILIT (irrevocable Life Insurance Trust)
Removes life insurance from your taxable estate
Wealth Transfer Planning
Use life insurance to pass assets tax-efficiently
Business Owner Planning
Buy-sell agreements, key person coverage, and succession strategies
Who Benefits Most
High-Income families
Business owners
Real estate investors
Families with multi-state property
Learn how life insurance can strengthen your estate plan.
Whole Life VS IUL
Whole Life vs IUL
Which Policy Works Best for your Estate Planning Goals?
Whole Life and Indexed Universal Life (IUL) are two of the most popular permanent life insurance options. Each offers unique benefits depending on your goals.
Whole Life insurance- Stability & Guarantees
Best for: conservative planners , long -term guarantees
Guaranteed cash value
Fixed premiums
Predictable growth
Strong for estate planning
Indexed Universal Life (IUL)-Flexibility & Growth
Best for: growth-focused planners, tax-advantaged accumulation
Flexible premiums
Market-linked crediting
Higher upside potential
Useful for tax-free retirement income
Which Is Right for You?
We Evaluate:
Estate tax exposure
Income needs
Risk tolerance
Long-term goals
Multi-state consideration
We'll analyze both options based on your goals
Request a comparion
High-Net Worth Insurance Strategies
Advanced Planning for Families with Significant Assets
High-net-worth families face unique challenges-estate taxes, liquidity needs, asset protection, and multi-state exposure, Safe Harbor Group provides advanced insurance strategies tailored to complex estates.
Our High-Net-Worth Solutions
ILIT-Based Taxed Reduction
Remove life insurance from your taxable estate.
Premium Financing
Acquire large policies with minimal out-of-pocket cost.
Business Owner Strategies
Key person , buy-sell, and succession planning
Multi-State Coordination
Align insurance with NY, NJ, DE and MD laws.
Who we serve
Families with estates over $5M
Business Owners
Real estate investors
Multi-state households
Protect your wealth with advanced planning strategies Book Now