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College and University Discussion
Reply to "Independent Status improve financial aid / grants"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Shady but going to inherit millions means nothing as it’s not their money now. [/quote] They get about $200k a year tax free as “gifts” to evade estate tax. Not a bad gig. [/quote] How? The annual tax-free gift limit is much lower than $200K. I think this whole things is made up, or it is fraud. [/quote] The gift tax limit is per person. Two grandparents giving to a married couple and their three kids could give 10 gifts, so up to 190,000 per year. [/quote]
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