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Author: cargeoma One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 122629  
Subject: Lifetime Unified Credit Date: 3/29/2000 3:05 PM
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My elderly dad has to bring his estate down to $675,000.00. He has a signifant amount that he has to gift to his 3 children. I know he can gift $10,000.00 per person without taxes. My question is: Can he gift to many other(trusted)relatives with the agreement that they have to give it back to his 3 children? He would write them a check and they would deposit it in the bank and write another check back to his 3 children for the $10,000.00 that was gifted to them. Can his children then turn around and invest that money in the stock market without any tax consequences (other than capitol gains when they sell it?). We also would need this money incase he ends up in a nursing home and we have to pay "inhouse".
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