Green looks good in everyone’s wallet, and there are minimal tax considerations for the giver and recipient.
Smart giving will maximize the value of the money you spend on your grandchildren.
For another year, the gift tax rate favors wealthy taxpayers who want to reduce their estate and at the same time make a financial gift. For the remainder of 2011 and through 2012, individuals can give up to $13,000 to as many recipients as they’d like without owing gift taxes. Unlimited financial gifts can be