rlbarlow0...[at]tds.net wrote:

- quote -

Nothing

Missy Doyle

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rlbarlow0301[at]tds.net wrote:

- quote -

It gets the money out of their estate, potentially saving
estate tax. Other than that, any benefit would be purely
emotional.

Phoebe

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rlbarlow0...[at]tds.net wrote:

- quote -

1. Systematic gifting may reduce probate costs and reduce or
even income taxes and the death tax on wealth.

2. Gifts are decided while alive and therefore not subject
to creditors and/or will dispute at death.

3. Gifts allow the donor to see the donee enjoy the gift
while he/she is still alive.

4. A gift is completely private within the confines of those
involved in the gifting process.

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rlbarlow0301[at]tds.net wrote:

- quote -

IMO, none. A giver should give money only because of he
wants to increase happiness for the donee. What other
reason could there be?

Maybe to make the donee beholden to him? To increase the
giver's stature in the eyes of the donee?

Christian charity?

ChEAr$,
Harlan Lunsford, EA n LA

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rlbarlow0301[at]tds.net wrote:

- quote -

Getting it out of your estate to save on taxes, or to
prepare to get medicaid 5 year's hence (more or less).

To help the family member whom you presumably love.

Because giving is better than receiving. (that one is a
stretch)

JOE

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rlbarlow0301[at]tds.net wrote:

- quote -

Aside from love and affection it reduces his taxable estate.
If someone has a large estate a gift of $12,000 could
reduce the amount of estate taxes by $4,000 or even $6,000,
leaving a net saving to the family.

Stu

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Tax-wise? Nothing. Other-wise? Everybody's different, it
all depends on the donor and what makes that person happy.

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<rlbarlow0301[at]tds.net> wrote:

- quote -

Warm fuzzies for having helped a loved one and, hopefully, a
timely, gushing thank you note.

There are no tax benefits, and if the gift exceeds the
annual exemption (either $12,000 or $12,500 in 2007), the
donor has a gift tax filing requirement.

--
Phil Marti
Clarksburg, MD

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What is the benefit to the gifter to gift money to a family
member?

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