I want my son to have my valuable collection of baseball cards when I die. How do I make sure he gets it? Answer: Unless you are willing to part with property now and pay gift taxes currently on that transfer, the best way to ensure that a specific asset goes to a specific person is through your will.
Unless you are willing to part with property now and pay gift taxes currently on that transfer, the best way to ensure that a specific asset goes to a specific person is through your will.
The 360 Degrees of Financial Literacy Web site offers general information for managing personal finances and does not recommend specific financial actions. For financial advice tailored to your situation, please contact an expert such as a CPA or a personal financial advisor.
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