Re: Wording of documentation that money given is a gift

Aug 16, 2008 0 Replies


Hubby has given his grown daughters some money. It is below


> the $12,000 mark. One is being given this via daughter's
> MIL (daughter doesn't speak to hubby). Both MIL and
> speaking daughter have asked for a signed note stating it
> is a gift and not payment for property or labour, so they
> can prove it isn't taxable income. ....

Apparently there's some family history here of which we are not aware.


When I write a check and it's a gift, I write "Gift" in the memo line of the check. It's that simple.


The only time I've ever written a letter to explain it was a gift was when I gave some money to the then-Mayor of Durham, NC to help defray his personal expenses due to a recall petition. I did so only because checks written to politions are presumed to be campaign contributions.


Why was there a recall petition? He said "People should be able to live without fear of violence." Yes, that's why some nitwits started a recall petition against him. That and because he said it in a speech at a Gay Pride Rally. Thankfully there were not enough nitwits in Durham to garner the needed signatures.


Dick


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