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Reply to "What is your relationship with parents if they regularly gift you money? "
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[quote=Anonymous]We get around 80K/ year from my parents, no strings attached. They have more than enough and it makes them happy to be able to do this for us. We use the money for kids school/home improvements/savings, etc. They were very frugal while I was growing up and while I knew we were well off, I had no idea we were this well off. My dad often says 'you can't take it with you.' They also give cash gifts to other family members, and charities. It is a tax benefit as it is a way to pass tax-free inheritance (can't remember exact amount, maybe 16kpp) to their children. [/quote]
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