Mother wanting to gift fund to children and wonders how much can be gifted non taxable per year and what forms does she need.

Question

Mother wanting to gift fund to children and wonders how much can be gifted non taxable per year and what forms does she need.

Answer

Do NOT take any steps to do this without Mother talking to an attorney regarding this. She can inadvertently foul things up; it is worth paying for a consultation to avoid tax liability down the road.