As much as they want.
There are no limits to how much a person can gift to another person.
Tax consequences may apply for large sums.
As much as they want.
as much as you like to give them there is no rule
$13000 in year 2009
The child and the parent. the child: for eating too much the parent: for feeding the child too much
No
Yeah but will the child pay back? And will the parent allow to give their child a huge amount of money?
$13000 in year 2009
There is not set amount of money a parent can give towards a child's home purchase. This is totally individual.
They can give them as much as they wish. The tax consequences are the real issue, so discuss with a tax attorney on how to minimize the tax liability.
There is no limit on the amount of money that your parent can give you. You want to do this before they go to the nursing home because the home will take all of their money.
Because every parent want their child to grow healthy, but unless your dad hates you.
* Unfortunately, you did not give any reason as to why the birth parent is giving up their young child to a relative. If at all possible; even if it means government assistance the birth parent should try to keep their child. If it's absolutely impossible then all the birth parent can do is try to explain to the child the best they can, but it will never be enough and the child will feel unloved by the birth parent. Eventually the child will grow accustomed to being raised by a relative, but will eventually grow up and want to know why their birth parent did this. The least the birth parent can do is write a heart-felt letter explaining the circumstances as to why they had to give the child up and give the letter to the relative and when the child is old enough to understand and asks 'Why did my birth parent give me up' then they can read the letter. The birth parent should keep in touch with the relative to see how their child is and at some future date and providing the child wants too then the birth parent and child should meet when that child is no longer a minor.