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To: MeanWestTexan; 1rudeboy

It is nothing life threatening but the wife was recently laid off and the husband will be out of work for at least a few weeks. They don’t have a lot of resources but some medical insurance will kick in after a thousand or so in deductible. So we’re just trying to raise a few thousand to see them through. Setting up a trust is probably more than is necessary I would think. And since it isn’t a huge amount of money maybe my fears are unwarranted and just giving them the money directly is fine. But I’m no tax attorney...


5 posted on 09/11/2007 1:33:45 PM PDT by the_devils_advocate_666
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To: the_devils_advocate_666
IRS Pub. 950, Introduction to Estate and Gift Taxes. (.pdf file)
7 posted on 09/11/2007 1:38:08 PM PDT by 1rudeboy
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To: the_devils_advocate_666
IRS Tax Tip 2007-39, Gift Taxes.
9 posted on 09/11/2007 1:40:01 PM PDT by 1rudeboy
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