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Financial Planning / Inheritance Strategies


Subject:  Re: Gifting Date:  7/7/1999  2:18 PM
Author:  brianrodr Number:  1065 of 5926

<< Incidentally, if Grandma lives till 2006 (I think that's the year), she can leave $1 million without estate taxes due. If her money, despite the gifting,
grows over that $1 million, she can give additional gifts of any amount she wants to any individual for the purposes of education or healthcare if that money is paid directly to a school or medical facility. >>

Could someone please show me where I can read up on this? I looked in the Fool school, but didn't see a
reference to this. When I read the above information, I interpret it to mean that on and after 2006, a donor can gift up to one million tax-free to the donee - unlike the current $10,000 (or $20,000 to a married couple) non-taxable gift.


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