Reply to How to equalize financial gifts to adult children

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[quote=Anonymous][quote=Anonymous]Don’t forget, you can each give $19,000 to each individual. So the max is 38,000 to each individual. You could do 38k to the couple and 38k to the individual. It’s not like you’re required to max out the exemption. But yes, this should all be part of an overall plan anyway.

If you run up on the end of the year, do even gifts and make a point to figure it out for next year. It’s not so terrible not to max it out this year. [/quote]

I have three kids and I don’t think I would be comfortable gifting more to one than another.  I don’t feel like I have to equalize all of the spending it took to raise our kids.  Some were college material, one needed a lot of medical care.  But gifts are different to me.

I also don’t feel like I want to gift my kids’ spouses.  So, I’d be giving $38k to each of my kids, not $38k, $19k and $19k.  If my kids with spouses wanted to make that money joint, which is how my spouse and I have handled gifts we’ve received from family throughout the years (though, nothing like that amount of money), they can make that decision.

Your children are lucky that you can do this and that you are being so thoughtful about it.  [/quote]

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