No. of Recommendations: 0
In any case, it does no good to gift investments directly to the parents until the parents are reasonably thrifty and have some knowledge for managing the investments.

My point exactly. Thanks for saying it without the red herring issue of taxes.

Side note: tax fraud does not occur when the taxes are paid even if the person did not know they taxes were paid. The IRS does not care who paid them the money, just that it was paid. Even if you estimate badly and over pay they are fine. Under reporting and underpaying are different.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.