If you make large lifetime gifts, the beneficiaries could take out life insurance against the potential inheritance tax bill. (moneysavingexpert.com)
Each estate is allowed a federal estate tax exemption — an amount that can pass transfer - tax - free, either through lifetime gifts or at death. (cfs4me.com)
You probably won't owe the gift tax — which is 40 percent — if you don't exceed the $ 5.49 million lifetime gift exemption amount.» (businessinsider.com)