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Reply to "How to equalize financial gifts to adult children"
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[quote=Anonymous]oh no no no no no no no do NOT give the childless, single spouse less overall than the other kid just because the other kid has kids or a spouse how much are you worth? you can give something like 18k a year (it goes up every year and I'm not sure where we are now) to anyone you want without gifting it on your taxes. BUT Trump et al have raised the lifetime/estate exemption amount to 15 million per person. So as long as you file a lifetime exemption return, you can gift more than 18k and not pay taxes on it. So unless you are worth over 15 million, you can gift the childless unmarried kid the same as the other kid, spouse, kids etc. Personally, I would want my kids to keep my gifting and inheritance separate so I would gift only to my kids/grandkids. you can help ensure it stays separate by setting up trusts. just depends on if you want to deal with that.[/quote]
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