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Money and Finances
Reply to "Minimizing taxes when transferring money between parents and adult children"
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[quote=Anonymous]Them paying your lawyer is a transfer to you as surely as them giving the money to you directly. But pp is right that unless they are very wealthy you don't need to worry about this much. They can just file the gift amount, it won't be taxed. If we are talking about amounts over $5 million then you should get professional advice.[/quote]
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