Grandparents write the check

Muffy333
Sat, 12 Apr 2008 08:14:50 +0000

3bm103 is correct; if Grandma wants to transfer $ while alive to make sure there is no estate tax on her death; she can only give $12,000 to any one person without having to file a gift tax return. BUT if she writes a check for $50,000 to your school for annual tuition, that doesn’t count. More of a tax advantage than a tax deduction. Your grandma rocks!