Gifting Adult Children
My wife and I are 68 years old and planning on taking our daughters and their families to Disneyland in March. Is their any tax advantage to gift our daughters the cost {most likely $5,000 each family} or our just paying outright.
Terry Says
Sign up for a new credit card that gives you a bonus in miles or points. YOU pay for the trip, and charge everything to the card. Let them give you hugs and kisses in return.
This is a memory creation opportunity, not a financial transaction!
