Today's gifts might be tomorrow's treasures. With the $12.92 million lifetime estate and gift tax exemption and the $17,000 annual gift tax exclusion being at all-time highs and indexed for inflation, many advisers are recommending families review their willingness and ability to develop an annual gifting plan and implement more substantial gifting strategies. Under the 2017 Tax Cuts and Jobs Act, the estate and gift tax exemption amount is scheduled to sunset on Dec. 31, 2025, reverting such exemption amount to the 2017 amount of $5 million, adjusted for inflation. Families may consider: the power of leveraging the number, types, and timing for these gifts; the effectiveness of gifting depressed assets and those expected to appreciate with the utility of properly verified discounts for these assets; and the options for structuring a gift into a trust.