How to Decide How Much Money You Can Afford to Gift in Your Lifetime

Deciding how much of your wealth to give to charity or your kids depends on your life stage. Here are key considerations based on age.

A small business owner looks over paperwork while sitting at a table in her shop.
(Image credit: Getty Images)

Deciding how much of your wealth you can comfortably give away and how much you need to retain can be a complex calculation. Depending on where you are in life, you will need to factor in different variables and uncertainties.

Whether your gifting goals are to support your children or grandchildren, fulfill charitable goals or are part of a tax or estate planning strategy, the following are some key considerations you’ll want to focus on based on your current life stage:

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Leslie Gillin Bohner
Chief Fiduciary Officer and General Trust Counsel, Fiduciary Trust International

Leslie Gillin Bohner is Chief Fiduciary Officer and General Trust Counsel at Fiduciary Trust International. She oversees the administration and delivery of trust services and leads a national team of fiduciary professionals. She is a member of the firm’s Executive and Management Committees and joined Fiduciary Trust International in 2020 as a result of the company’s acquisition of The Pennsylvania Trust Company. Leslie has more than three decades of experience serving high-net-worth individuals and families.