My kids came to visit this weekend, at the same time my daughter emailed two dental school bills.
I think she wanted to be present when I got the bill. In case I needed medical help? :-)
The two bills total $38,400. $28,400 tuition and $9,400 for dental tools.
Is there a proper way to gift the money to her and her husband.
Can I just wire transfer money into their joint account?
Do I need to specifically identify the separate $14,000 allotments?
Any specific records I need to keep?
Thanks