Sentences with phrase «outright gift to the child»

An outright gift to a child who is 18 years or older — or anyone other than a spouse or common - law partner — is not subject to this rule.

First, you can take a lump sum (such as $ 10,000) that could otherwise be given as an outright gift to the child or grandchild.

First, you can take a lump sum (such as $ 10,000) that could otherwise be given as an outright gift to the child or grandchild.

Not exact matches

Other possible protective steps include making loans to children rather than making gifts outright.

A couple members suggested that the children could create gifts for their birth parents as an expression of care and to communicate that exchanging gifts is acceptable in the family dynamic, without creating pressure that could come of outright asking the birth parent to provide a gift.