Giving assets away as a gift reduces the value of your estate and allows you to help your heirs while you're still alive.

Question

Quizplus · Accepted Answer

This statement is true. When you give assets away as a gift, they are no longer a part of your estate, which can help reduce the value of your estate for estate tax purposes. Additionally, it allows you to help your heirs while you are still alive and see the positive impact of your gift.

Giving Assets Away as a Gift Reduces the Value of Your