Chaffee & Associates Announces Year-End Gifting Opportunity

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The federal lifetime gifting exclusion rose by $130,000 this year and will rise again in 2014.

Chaffee & Associates announces a new year-end gifting opportunity due to the federal lifetime gifting exclusion increase. This year, the federal lifetime gifting exclusion rose from $5,120,000 to $5,250,000. In 2014, it will go up to $5,340,000.

This year, for a married couple who used their exemption to make gifts in 2011 and 2012, they now have further gifting capacity of $130,000 times two, for a total of $260,000. Next year, they will have the gifting capacity of $90,000 times two, for a total of $180,000. Altogether, this creates a total of $440,000 of new gifting capacity.

The second part of this year’s gifting opportunity relates to the residents of Minnesota. Minnesota passed a law in July 2013 capping lifetime gifts at $1,000,000, but still retained the $1,000,000 exclusion at death. The $1,000,000 lifetime exemption is a “use it or lose it” proposition in that it does not roll over to the exclusion at death. This provides an opportunity to take advantage of the rising federal exemption and chip away at the Minnesota exemption. For example, you could gift $260,000 this year while being gift tax exempt on both the federal and state levels.

For more information about Chaffee & Associates or this new gifting opportunity, visit their website at

About the company:

Chaffee & Associates LLC is a privately owned, independent company that specializes in helping individuals, business owners, and families with wealth management, estate planning and business transition. Located in Minnetonka, MN, Chaffee & Associates serve clients nationwide. With over 100 years of combined experience in the firm, they believe great ideas should not be difficult to understand. Richard J Chaffee Jr. is committed to providing clients with a holistic approach to wealth strategy and the creation of family financial legacies. He works closely with his clients’ team of advisors to help ensure that the family legacy plan is executed, integrated, monitored, and achieves the clients’ goals and values. Visit their website for more information:

Securities Offered through M Holdings Securities, Inc., a Registered Broker Dealer, Member FINRA/SIPC. Chaffee & Associates is independently owned and operated.

Third-party posts found on this profile do not reflect the views of M Holdings Securities, Inc. nor its Associated Persons/Affiliates, and have not been reviewed by M Holding Securities as to accuracy or completeness.

This material and the opinions voiced are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine what is appropriate for you, please contact us directly.

The testimonials/recommendations used may not be representative of the experiences of other clients, and they are not indicative of future performance or success.

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Tammy Adams
Chaffee & Associates
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