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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I would give equal amounts for the annual gift. If you want to give more, you can give to the spouse and buy something directly for the single spouse, like say jewelry or furniture. That isn't going to be tracked. I'm dealing with estate taxes now and [b]wish my parents had bought stuff for us kids while alive[/b], because the estate tax is crazy high and its throwing money away to the government. [/quote]

Do you think, from their perspective, they were unsure of final life expenses and that made them a little more unsure about giving while alive? I ask that because we wonder about that ourselves - we think we have more than enough for ourselves but giving away significant amount money now (which we have some already) makes me somewhat uncomfortable. We don't want to be burden on our kids in our later years. [/quote]

In our situation, our parents were Greatest Generation and grew up without wealth. They were worried about coddling us middle aged kids (we lived middle - slightly upper middle class lifestyles), were terrified of getting themselves into tax trouble, and liked to see their money grow in their account whch they checked daily. They were extremely frugal at the end, and I would have liked them to spend more on their own comfort. They were the best parents, but the estate planning could have been better. Obvioulsly there is plenty of money, but most advisors told them to transfer more to us and they just didn't want to let it go even to their trusted kids. I think at these wealth levels, you are being worried for nothing. You don't need $15+ M for your own care. [/quote]

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