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Old 10-14-2016, 05:11 PM
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Join Date: Oct 2016
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Gift tax... sneaky but is this legal?

Scenario... I want to help my brother pay his mortgage but I do not want to dip into the lifetime 5.45 million limit or have to fill out any claim at all.

I and my wife both write $14,000 checks each to my brother, his wife and each of their two teenage sons (8 checks totaling $112,000). All four of them put their checks into a joint checking account with all four of their names on the account. My brother then writes a check from the account for $112,000 to their mortgage lender.

Kosher or no?



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