You have asked lots of questions about this including questions about repaying the "gift"----please seek paid advice. We do not know if you have already given a gift and are now trying to "fix" a mistake or if you are currently contemplating giving a gift and hoping to live for seven more years. Get some real-time, in person tax advice.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
