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URL:  http://boards.fool.com/didnt-think-so-unless-she-starts-30617346.aspx

Subject:  Re: shelter those dollars Date:  4/1/2013  4:22 PM
Author:  JLC Number:  71636 of 76421

Didn't think so, unless she starts "gifting" the money to someone she trusts but she couldn't offload much without taxes getting in the way. What is it now, about $13K a year?

The gifting rule has variations. It is now $14k/person/year. If she was still married, she could give away $28k/person/year. OR she could gift the whole $500k and have it go against her lifetime exclusion limit which is currently $5.5M. But sill soon change.

http://www.smartmoney.com/taxes/income/when-to-file-gift-tax...

JLC
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