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Author: pmarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121564  
Subject: Re: Senior Parent's Hypothetical: Gift? Date: 6/25/2001 7:35 AM
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I'll probably go with Phil's, since he was on the enforcement end.

More importantly, Phil has a 90 year old father who insists on continuing to drive, no matter how many newspaper clippings about geezers who wiped out a family I put on his breakfast plate. Any hints for me about how you sold this?

I agree with Gail's assessment about the gift tax angle. I don't see any problem.

You might also want to be scrupulously honest with the insurance company. This may be one of those rare cases in which complete honesty is rewarded with lower premiums. When we analyzed who really drives Dad's car and listed me as the primary driver, which I am, the rate dropped more than 50%.

Phil Marti
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