Gift Planning

A Glossary of Financial and Estate-Planning Terms

Our tax structure—with its intricate provisions—places a high premium on skillful planning. A large number of taxpayers earn a substantial income and accumulate substantial estates. To conserve their incomes and their estates, they turn to financial-planning techniques. The following glossary of financial-planning words and phrases is designed to explain some of the basic planning concepts that may help you utilize your income and estate assets to provide added security for yourself and your family and to accomplish your philanthropic objectives.