choices. Whether you are gifting money to children for holidays, birthdays or graduation, you must gift money thoughtfully. 8Set giflting expectations carefully, It helps if you are clear and careful about your intentions when you begin a pattern of gifting, especially when giving large sums to...
However, many people are unfamiliar with gifting as part of their ‘normal expenditure’ i.e., giving away money from surplus income. This has the added benefit that you’re not giving away large capital sums that could provide you with ongoing income. What’s next? IHT rules are ...
A gift letter is a piece of legal, written correspondence explicitly stating that money received from a friend or relative is a gift. Gift letters are important when it comes to paying a real estate down payment, for example, because lenders tend to frown upon borrowers using additional borrowe...