thanks for the reply. Ithought that 529 for example is considered as gift to children. while my 529 contribution is just about $17k, I transferred money to his account for monthly living expenses while college. after getting tired of sending monthly, i sent a big check $25k to his bank account to cover a several months - which i read somewhere could trigger the gift scenario.
is there any doc that refers that money directly sent to dependents of 24 yrs college students is not considered as gift though it is more than $36k?
