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Reply to "Gifting to Adult Children"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Are gifts from parents to married child considered marital asset? Only inheritance is exempted correct? [/quote] If your kid keeps it in their name only, it should be safe. Once it hits a JT account, it's marital property. [/quote] If you want to worry about this, you need a comprehensive estate plan and a pre/post nup. You don’t want to rely on the default rules for cash gifts. [/quote]
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