Wealthy clients who want to bequeath more than $5.43 million -- the threshold that kicks in for estate taxes -- should consider spreading out their gifts to heirs while they are still living.

Each year during their lives, clients can give up to $14,000 per person to as many people as they want before they have to pay gift taxes, says David D. Holland, chief executive of Holland Financial Inc. in Ormond Beach, Fla.

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