http://divorce.clementlaw.com/ Daniel E. Clement: New Jersey & NY Lawyer & Attorney for Family Law & Pre-Nuptials en Copyright 2010 Fri, 26 Nov 2010 13:58:33 -0500 Fri, 26 Nov 2010 13:58:33 -0500 http://www.sixapart.com/movabletype/?v=4.32-en http://blogs.law.harvard.edu/tech/rss Re: money transfers to your adult children, I think it's best if parents just call it a loan if it's a loan and a gift if it's a gift, no matter how much money it is. These money transfer schemes where a gift looks like a "loan" that is forgiven each year using the gift tax exclusion in my experience are nothing but trouble, both for the lender and the "borrower". If it's meant to be a gift call it a gift and file a gift tax return if it's over the annual exclusion, don't create confusion and emotional strings w/a loan charade, it's not worth it.

]]> http://divorce.clementlaw.com/equitable-distribution/home-downpayments-gift-or-loan-when-family-money-is-involved/#22861 http://divorce.clementlaw.com/equitable-distribution/home-downpayments-gift-or-loan-when-family-money-is-involved/#22861 Equitable Distribution Tue, 21 Oct 2008 23:37:28 -0500 Daniel Clement