Keep a record of your gifts. Contribute to a tax-advantaged savings plan. Donate used clothes and household items to any charitable organization. Look into a donor-advised fund. Learn about short-term and long-term finance estate benefits.
Protecting your assets. If you have a lot of creditors or might in the future, then you may want to consider an irrevocable trust. In a revocable trust, the grantor (or the person who creates the trust) retains ownership of all the property.