What is the best way to financially help family members?

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date
What is the best way to financially help family members? Ron Peterson 12-09-2007
Posted by Ron Peterson on December 9, 2007, 11:05 am
The thread started by S got me thinking.

Some family members may not be able to work and other income such as
SS, savings, and pensions may not be adequate to have a reasonable
lifestyle.

What makes the best way of supplementing the income of needy family
members and how should that load be shared with other family members?

Direct gifts might work since there isn't any tax under $11,000(?).

How does supplying living quarters work (e.g. buying a condo)?

Any other ideas?

--
Ron


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