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Financial Planning / Paying For College

URL:  https://boards.fool.com/gifting-money-will-be-legal-it-is-legal-but-if-15428249.aspx

Subject:  Re: Parent vs Child Assets Date:  7/23/2001  6:20 PM
Author:  reallyalldone Number:  4070 of 8558

Gifting money will be legal.

It is legal but if the money created any kind of a trail for this year's tax return, don't be surprised if someone asks where it went. Also, be careful that you're not playing games only to qualify for loans. Also, check your state for the age of majority - quite a few are 21.

rad
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