How Our Family Uses Cash Gifting Today

Cash gifting is an old tradition in our family, started by my grandfather's grandfather. A cash gift, to a family member or friend, we want to help, is the best way we found to share our good fortune. None of us ever won the lottery, but all of us worked hard, invested wisely, and saved our money. We are now in the position to practice another old family custom, charitable donation.

Cash gifting is our way to fund the people and organizations we believe in, while reducing our estate taxes considerably. Why wait until you die to let your money help others, when you can do it every day? Cash gifting is approved by the IRS, and the people you gift don't have to pay any taxes on it. You can give anybody you want to $12,000 per calendar year, and it must be a gift. You can't ask for, or expect anything in return.

If you're in the position to help others, there are endless opportunities to make the world a better place, one step at a time. The bag boy at the local grocery store is working his way through college, on his own. When my mother gave him a check for his birthday, I don't know who was happier, him, or mom. There is something about doing random acts of kindness that makes you glad to be alive. Cash gifting, can be a big help to a small business, and when the local cafe faced foreclosure, due to the tough economic times, my dad helped them out with a little private stimulus. They're back on their feet, and my dad is back at the counter, drinking coffee with his pals. I'm sure we all know somebody, some where, who could benefit from cash gifting. With the rising costs of education, transportation, housing and groceries, there are many honest hard-working people having a tough time making ends meet. Cash gifting allows you to help the people that need it, with the kind of help they need. You've already paid taxes on the money you earned, why should your heirs pay estate taxes on that same money, when they could be using it now, to build their futures?

There are many people, who after achieving financial success, spend the rest of their lives worrying about their money, and there are too many people who hoard their wealth. Rich, poor, and in-between, we're all going to meet the same end, and when I go, I hope my life has made a difference for the better. Cash gifting is helping me make that difference.