Well there are a few snags other than lack of trust with that plan. Such as the giftee could predecease you, or they could lose their job and fail to get benefits because they own a house somewhere. In any case most people have to pay capital gains tax on gifts over 20 grand in a year (I think), so it's not tax free...
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baggyeyes
(no subject)
Date: 2004-10-01 07:15 am (UTC)