Upstream Gifting

This article examines upstream gifting (transferring assets from younger to older generations) as a nuanced estate and tax planning strategy with meaningful implications for Family Offices managing multi-generational wealth. It is particularly relevant for principals, CIOs, and wealth planners seeking to optimize tax outcomes (such as basis step-up) while supporting senior family members’ financial needs. Readers will gain insight into the risks, structuring considerations, and technical requirements, especially the use of trusts and powers of appointment, to balance tax efficiency with asset protection