In the process of receiving 100,000 in one calendar year what are the tax implications to the giver and receiver? What is the best way to disburse? Limited amount each calendar year?What is the best strategy it can be given in one calendar year and the next. Married yes and as a gift to children. Is this for college expenses? If so, giver can pay school directly without it being taxed as a gift.Depending on children's ages, think hard about how to control the money until they can handle their own finances.Just food for thought. Clearly I don't know the situation.IP
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