This might help a little.http://www.marketwatch.com/story/how-to-avoid-the-irs-gift-t...http://money.cnn.com/magazines/moneymag/money101/lesson21/in...If its cash, its as simple as writing a check or doling out the Benjamins. If its some other asset (stocks, property, etc.) its a matter of transferring deed/ownership/etc. The gift tax limit is now $13,000 per person. However, if MIL AND spouse want to give more to a person, they can each give 13k so total is 26k. Or if this is for a person in college a one time gift of 65k (130k with spouse) is treated as 13k for 5 years.JLC
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