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[quote=Anonymous][quote=Anonymous]The restriction on the gift limit is per person per recipient. In other words, each grandparent can write a check for up to $15,000 for each member of the family. That means that grandma can write one check for 15,000 to mom and one 15,000 check to dad and grandpa can write one $15,000 check to mom and one $15,000 check to dad. As well as each of the kids. It would have to be multiple checks to avoid the inheritance.

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2022 was $16k per donor per donee.  Joint from 2 spouses to 1 donee maxed ar $32k.  2023 is 17k or 34k.  2025 goes down to 14k so it will be 28k, the 2017 level.  The tuition and medical get paid directly to the institution or service provider.  [b]Why would the DH force people to have to file extra forms with the IRS? That is just annoying and terrible. [/b]

If elderly parents and grandparents are willing to disperse assets pre death it's to the benefit of the adult chilldren-GC to allow the direct payment.  Why burden the parents with gift tax forms?   For gifts after 2024 the lifetime max goes back to less than 6m.  There is portability for unused portions to a surving spouse.  [/quote]

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