The Cycle of the Gift. Family Wealth and Wisdom

A comprehensive guide to giving well to family members Giving is at the core of family life–and with current law allowing up to $5,120,000 in tax-free gifts, at least through December 2012, the ultra-affluent are faced with the task of giving at perhaps largest scale in history. Beyond the tax saving and wealth management implications, giving to family members opens up a slew of thorny questions, the biggest of which is, «How do I prepare recipients of such large gifts?» With that question and others in mind, Hughes, Massenzio, and Whitaker have written The Cycle of the Gift in three main parts: «The Who of Giving,» «The How of Giving,» and «The What and Why of Giving.» T…