donheff
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Does anyone know if it is important that gifts to children and grandkids be documented to insure that IRS can’t claim they exceeded the exclusion? For example can I transfer $96,000 to my daughter and just tell her that it is from DW and me for her, her husband, and her daughter? Do I need to document the intent? If so, is it sufficient to keep a record with your estate and tax documents.