Nothing! An adult child is an adult and just a card should be fine. No matter how old your child is, if you feel you want to give them a gift then do so. Often when people are in conversation they don't pick up on things people say they may need. It could be something very inexpensive. If you have good financial means then there would be no problem, but ANY GIFT should be appreciated. You could send flowers, give gift certificates to a clothing store or a beauty salon for a daughter, or, tickets to a sports event for your son. It's all up to you. If you choose to not give gifts any longer then make sure you communicate this fact to your children. Most of my girlfriends are all in their 60's (most with grandchildren) and they still give their children Birthday and Christmas gifts. Hint: For daughters costume jewelry such as a pendant on a chain, a ring or bracelet in COSTUME JEWELRY (generally very inexpensive, but well made) is a good gift. If your son loves movies, then get him a few tickets to a movie theater. If there is a concert for a certain band or a theatrical event coming up that your daughter or son may want to see get them tickets.
That is up to the parent's discretion. It depends on how many people they plan on buying for.
If you can afford to give your children $100 for shopping then do so. If you can't then don't.
Children can be taught to make gifts that often mean much more to the giver and to the receiver.
about £15 to a teenager
No deduction on your income tax return for gifts to anyone.
No. You play no part in the adult giving a gift to the minor.
1 in 6 have a favored child. However, this shouldn't affect the love that you have for your children. Children are gifts and they should all be cherished.
Assuming you have Power of Attorney the answer is no. You are a fiduciary and as such your authority is governed by state laws that govern fiduciaries. What you suggest breaks all the rules and would be considered self dealing and possibly theft. It may result in personal liability. A parent can give gifts of their assets to their children. However, you are going out on a limb if you take it upon yourself to do the same. You should consult with an attorney who can review your situation and explain your position, responsibilities and liability.
The money is intended to help the custodial parent defray the costs of raising the child and providing a home so it is given to the parent. Child support can be used to help with rent, mortgage, college expenses, insurance, utilities, food, phone, internet, computers, medical care, clothing, education expenses, recreation expenses, after school program expenses, school supplies, haircuts, shoes, holiday gifts for the child, babysitters, spending money for the child, vacations, etc.
If the adult son is the one applying for Medicaid, money received from the parents prior to the application will likely have no effect on his eligibility. If the parent is the one applying for Medicaid and is a nursing home resident, please be advised that the Medicaid agency will investigate any transfer of assets by the parent, including gifts, that occurred in the 60 months prior to applying for Medicaid. The parent may be penalized for transferring assets without receiving "fair market value."
There are limits as to the amounts of money that can be gifted within a year in a taxfree manner. Check with the IRS--amounts change from year to year.
If the present is age appropriate, the child can use it as desired. However, many people give cash gifts and so on with the intention that the parent or guardian will save the money for a car or education when the child needs funding.
The average number of gifts an adult male gets for Christmas is five. This of course will depend upon how many gifts he gives to others.
The average number of gifts an adult male gets for Christmas is five. This of course will depend upon how many gifts he gives to others.
The average number of gifts an adult male gets for Christmas is five. This of course will depend upon how many gifts he gives to others.
The average number of gifts an adult male gets for Christmas is five. This of course will depend upon how many gifts he gives to others.