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Golf Gifts - Gifts BW gifts | gifts Resources | Add URL Wine Gifts & Baskets From the casual wine drinker to the serious enthusiast, we have a gift that will make them smile. Our selection includes premium wine, gourmet baskets, distinctive champagne sets & the very finest California and Northwest wines. Golf Gifts Articles Golf Gifts - Find Ideas for Great Golf Gifts Need ideas for the golfer in your life? Or maybe the golfer in your life is you. No matter who you are shopping for, you'll find ideas and recommendations for great golf gifts here....( Continue Reading ) Golf Gifts for the Office - Find Golf Gifts for Golfers to Use in an Office Need some recommendations for golf gifts to give to that businessperson/golfer on your shopping list? Here are some gifts that work great for a golfer's office....( Continue Reading ) Golf Books, Gifts and Miscellaneous Reviews and News Find reviews and news about golf books, golf gifts and gadgets and other miscellaneous reviews and news....( Continue Reading ) Golf, Find Gifts for Golfers - TopPicks An index of Find Gifts for Golfers TopPicks for the Golf guide site....( Continue Reading ) Golf, Find Gifts for Golfers - GuideReviews An index of Find Gifts for Golfers GuideReviews for the Golf guide site....( Continue Reading ) Golf Gifts Directory Links gift baskets uk best gifts for kids gifts chocolate longaberger easter baskets fly fishing gifts longerberger baskets cool holiday gifts wooden baskets gourmet fruit gift baskets baby gifts twins recipe gifts in a jar housewarming gift baskets personalised business gifts easter egg baskets gift baskets gourmet horse gifts pasta gift baskets online spiritual gifts test adult gift baskets send gifts to hyderabad anniversary gifts traditional modern gifts for a man inexpensive thank you gifts male christmas gifts nurse gifts butterfly gifts wedding gifts ideas send gifts to usa handmade holiday gifts sites to send gifts to india gifts for 25th wedding anniversary gifts for music lovers college graduate gifts valentines gifts for men valentine gifts for men christmas gifts for your boss connecticut gift baskets send gifts unique valentines day gifts get well baskets wedding gifts to india christmas gifts for girls valentines day gifts for women thank you notes for wedding gifts native american baskets Popular Search Terms: Gifts BW © 2004 Gifts BW All trademarks are the property of their respective owners. All Rights Reserved. This site is not related to Brajeshwar or Brajeshwar.com in anyway, shape or form
baby Gifts, New Baby
Gift Baskets: Corporate,Birthday,Sympathy,New Baby,Gourmet,Flowers GIFT BASKETS EN ESPAOL CORPORATE SERVICES GIFT BASKETS: Birthday Fall Favorites New Baby Sympathy Wine Baskets Corporate Gifts Get Well Gourmet Foods Thank You Relax & Pamper Fruit Baskets House Warming Anniversary Congratulations Mrs Fields Gift Baskets Sports Halloween Gifts Under $50 Flowers Free Shipping Select Range Under $50 $51 to $75 $76 to $100 Over $100 -- My Account Address Book Reminder Service Help Gift Basket Emergency Service Need gift baskets today or tomorrow? Forget her birthday? Need corporate gift baskets fast? We give you immediate help when you need gift baskets in an emergency. Now, till October 31, Gift Baskets.com is discounting shipping on our same day or next day Gift Basket Emergency service. Gourmet Goodies Basket Express yourself in impeccable taste with this sophisticated arrangement of... FREE SHIPPING $49.99-$174.99 Details Little Angel Welcome baby with wonderful gifts and music. In a lined gift basket, we've tucked a... $62.99-$84.99 Details Fruit and Gourmet A great gift basket for any occasion! Seasonal fruit..... $54.99-$124.99 Details Wine Cheese & Cheers Say it with style! Here's the perfect way to say, "Thanks"... $59.99 Details Condolence Basket At times of bereavement, a great way to show you care... $59.99-$144.99 Details CLICK ON ANY IMAGE TO ENLARGE Ultimate Relaxation To truly indulge someone, give them the Ultimate Relaxation basket. $49.99-$124.99 Details Buckets of Fun Special Mrs. Beasley's has created this wonderful all occasion affordable gift for... $29.99 Free Shipping Details Happy Birthday! Bundle A bodacious bundle of delicious fun arrives in a trio of stacking boxes... $57.99 Details Delightfully Classic When sending the best truly matters. This gift basket is overflowing with... $39.99-$149.99 Details We deliver gift baskets for any occasion including sympathy gift baskets , new baby , corporate events , house warming gift baskets , birthday gift baskets , anniversary gift baskets , thank you , get well gift baskets , sports , congratulations and Baskets of Mother's Day Gifts . Items include centerpieces, strawberries, chocolate, plants, fruit, flower arrangements from florists, bath products, food, candy, cookies, candles, roses, coffee and aromatherapy. Easy ordering on our secure server . About Us | Customer Service | Tracking Info. | FAQ | Privacy Policy | Gift Links | Links Directory | Site Map Gift Baskets.com has all the gifts for any reasonor no reason at all!Fine Gifts, Gift Baskets, New baby Gifts, New Baby Gift Baskets, Gourmet Gift baskets, Mrs. Fields Cookies and Gourmet Gifts, Gourmet Cookies, Cookie Gift Baskets, Gourmet Cookies, Chocolate Brownies, Mini Cakes, Corporate Gift Baskets, Corporate Gifts, Birthday Gift Baskets, Birthday Gifts, Thank You Gift Baskets, Chocolate Gift Baskets, Get Well Gift Baskets, Holiday Gifts, Holiday Gift Baskets, Baby Gift Baskets, New Baby Gifts, Baby Blankets, Flower Gift Baskets, Flowers, Sympathy Gift Baskets, Ghirardelli Chocolate Baskets, Wine Gift Baskets, Picnic Baskets, Fresh Fruits, Fruit Gifts, Fruit Gift Baskets, Fruit Towers, Fruit Cheesecakes, Teddy Bear Gift Baskets, Spa Gift Baskets, Romantic Gifts, Valentine Gift Baskets, Valentine Gifts, Teddy Bears Beautiful gift baskets and gourmet food gift baskets for all your gift giving needs. We offer a number of theme gift baskets from Housewarming Gifts to Newborn baby gift baskets to client or employee Thank you gifts and thank you gift baskets. We have a gift basket for her and a gift basket for him. Birthday gifts and birthday gift baskets. Coffee gift baskets, Tea gift baskets and a general category gift basket for all occasions. You'll find sports gift baskets and get well soon gift baskets, as well as a sympathy gift basket and condolence gift baskets. We deliver gift baskets and flowers to all cities in the following states: Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana , Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana , Nebraska, Nevada, New Hampshiret, New Jersey, New Mexico, New York, North Carolina , North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota , Tennessee, Texas, Utah, Vermont, Virgina, Washington, Washington DC, West Virgina, Wisconsin, Wyoming
gift ideas for boys!
Amazon.com: So You'd Like to... see cool gift ideas for boys! Your Store See All 31 Product Categories Your Account | Cart | Wish List | Help Improve Your Recommendations | Your Amazon Home | Your Profile | Learn More Search Amazon.com Books Popular Music Music Downloads Classical Music DVD VHS Apparel Yellow Pages Restaurants Movie Showtimes Toys Baby Computers Video Games Electronics Camera & Photo Software Tools & Hardware Office Products Magazines Sports & Outdoors Outdoor Living Kitchen Jewelry & Watches Beauty Gourmet Food Beta Musical Instruments Health/Personal Care Travel Cell Phones & Service Outlet Auctions zShops Everything Else Scientific Supplies Medical Supplies Indust. Supplies Automotive Home Furnishings Lifestyle Pet Toys Arts & Hobbies Web Search So you'd like to... see cool gift ideas for boys! A guide by Ariel ,Observer of what kids like? E-mail this guide to a friend Mario Party 5 Availability: Currently unavailable Super Mario 64 Buy new : $29.99 Availability: Usually ships in 1-2 business days Nintendo DS Buy new : $129.95 Availability: Usually ships in 24 hours See all products Okay, now with this christmas coming so quickly, parents are probably wondering what to get your boys for christmas. This is a list featuring toys for boys of different ages. The age range is mainly between 6 and 17. (However I have a 22 yr. old brother and know that his 19-24 yr. old friends also play video games and stuff lol.) Okay so I'll list some gift ideas for any boy and you decide which ones you think are what the boy your getting the gifts for would want. (P.S. I'm also going to write a girls list next so look for it please!)((Oh yes and GIRLS may like some of these toys as well!) P>S> some of the game cube and playstation 2 games also are made for all the systems, computer, Xbox, Game Cube, and Playstation 2, Game Boy Advance, and Nintendo DS (So if your kid doesn't have the system needed to play the games below, but has another gaming system, look up these games' titles except under their game system and see if they have one of these titles for that system.) BY THE WAY the NINTENDO DS plays GAME BOY ADVANCE GAMES and GAME BOY ADVANCE GAMES WILL STILL BE MADE!!! The price of the GAME BOY ADVANCE SP will go down and will still be a great gift because GBA games are still going to come out because Nintendo DS games are harder to make and are more expensive most-likely...as is the Nintendo DS!!! 'Sharper Image Signature Series Robosapien - Chrome (WW250CHR)' 'Sharper Image Signature Series Robosapien - Metallic Blue (WW250BLU)' 'Mario Party 5' (Mario party 6 is about to come out though so get Mario Party 6 instead because it's coming out like 3-5 weeks before christmas!) IMPORTANT: look for the games ratings located on the bottom left corner of the game! : E = everyone (6 and up) T = teen (12 and up) M= mature (16 and up) and any other rating is...not going to be listed here that's for sure! Basically any other symbol you see (and even some M symbols) are similar to rated R movies and BEYOND rated R movies....liker the next rating up after R) ~I also encourage you to look for similar items as these because some have products made for age ranges like the zipline...they have different titles for those. 'Super Mario 64' 'Nintendo DS' 'The Urbz: Sims in the City' more stuff: 'Metroid Prime 2: Echoes' 'Need For Speed Underground 2' 'Metal Gear Solid 3: Snake Eater' 'Dragon Ball Z: Budokai 3' 'Dragon Ball Z: BUUs Fury' 'Game Boy Advance SP - Platinum' 'Game Boy Advance SP- Onyx' 'Game Boy Advance SP- Flame' 'Game Boy Advance SP - Cobalt' 'Radio Control Flying Saucer: Blue & Silver (27 MHz)' 'Spy Robot' 'Loud 'N Clear 2-Channel Headset Walkie Talkies' 'Spy Tracker System' 'Spy Bug Remote Listening Device' 'Spy Listener' 'Motorola T6500R GMRS / FRS Rechargeable Two-Way Radios, Khaki (2 Pack)' 'Motorola T7100R GMRS/FRS Rechargeable Two-Way Radios, Silver (2 Pack)' 'Spy Tool Kit' 'Spy Communicators' '50'' Big Bounce Ball' 'Large Space Dome Play Tent' 'Fun Ride Deluxe Classic Zip Line' Products mentioned include: 1. Mario Party 5 by Nintendo Average Customer Rating: Availability: Currently unavailable Used & new from $25.99 2. Super Mario 64 by Nintendo Average Customer Rating: Offered by: GameStop List Price: $34.99 Buy new : $29.99 You Save : $5.00 (14%) Availability: Usually ships in 1-2 business days Used & new from $19.98 3. Nintendo DS by Nintendo Average Customer Rating: Offered by: Toys"R"Us List Price: $149.99 Buy new : $129.95 You Save : $20.04 (13%) Availability: Usually ships in 24 hours Used & new from $114.95 4. The Urbz: Sims in the City by Electronic Arts Offered by: J&R Music and Computer World List Price: $39.99 Buy new : $29.88 You Save : $10.11 (25%) Availability: Usually ships in 1-2 business days Used & new from $18.90 5. Metroid Prime 2: Echoes by Nintendo Average Customer Rating: Offered by: J&R Music and Computer World List Price: $49.99 Buy new : $44.88 You Save : $5.11 (10%) Availability: Usually ships in 1-2 business days Used & new from $36.99 6. Need For Speed Underground 2 by Electronic Arts Offered by: J&R Music and Computer World Buy new : $49.99 Availability: Usually ships in 1-2 business days Used & new from $23.76 7. Metal Gear Solid 3: Snake Eater by Konami Offered by: J&R Music and Computer World List Price: $49.99 Buy new : $29.88 You Save : $20.11 (40%) Availability: Usually ships in 1-2 business days Used & new from $15.45 8. Dragon Ball Z: Budokai 3 by Atari Average Customer Rating: Offered by: Target List Price: $49.99 Buy new : $29.99 You Save : $20.00 (40%) Availability: Usually ships in 2 to 3 days Used & new from $16.99 9. Dragon Ball Z: BUUs Fury by Atari Average Customer Rating: Offered by: GameStop List Price: $29.95 Buy new : $19.99 You Save : $9.96 (33%) Availability: Usually ships in 1-2 business days Used & new from $13.95 10. Game Boy Advance SP - Platinum by Nintendo Average Customer Rating: Offered by: GameStop Buy new : $79.99 Availability: Usually ships in 1-2 business days Used & new from $67.90 11. Game Boy Advance SP- Onyx by Nintendo Average Customer Rating: Availability: Currently unavailable Used & new from $69.99 12. Game Boy Advance SP- Flame by Nintendo Average Customer Rating: Availability: Currently unavailable Used & new from $69.49 13. Game Boy Advance SP - Cobalt by Nintendo Average Customer Rating: Offered by: Toys"R"Us Buy new : $79.95 Availability: Usually ships in 24 hours Used & new from $63.91 14. Radio Control Flying Saucer: Blue & Silver (27 MHz) by Valen Brost Game Co Offered by: Toys"R"Us Buy new : $19.99 Availability: Usually ships in 24 hours 15. Spy Robot by Wild Planet Availability: This item is currently not available. Customers also shopped for these similar items . 16. Loud 'N Clear 2-Channel Headset Walkie Talkies by 200 Toy Offered by: Toys"R"Us List Price: $14.99 Buy new : $12.99 You Save : $2.00 (13%) Availability: Usually ships in 24 hours 17. Spy Tracker System by Wild Planet Average Customer Rating: Offered by: Toys"R"Us Buy new : $19.99 Availability: Usually ships in 24 hours 18. Spy Bug Remote Listening Device by Wild Planet Average Customer Rating: Offered by: Toys"R"Us Buy new : $9.99 Availability: Usually ships in 24 hours 19. Spy Listener by Wild Planet Average Customer Rating: Offered by: Imaginarium List Price: $12.99 Buy new : $8.98 You Save : $4.01 (31%) Availability: Usually ships in 24 hours 20. Motorola T6500R GMRS / FRS Rechargeable Two-Way Radios, Khaki (2 Pack) by Motorola List Price: $79.99 Buy new : $49.99 You Save : $30.00 (38%) Availability: Usually ships in 24 hours Used & new from $43.50 21. Motorola T7100R GMRS/FRS Rechargeable Two-Way Radios, Silver (2 Pack) by Motorola Average Customer Rating: Availability: Usually ships in 1-2 business days. Used & new from $54.99 22. Spy Tool Kit by Wild Planet Average Customer Rating: Offered by: Imaginarium List Price: $19.99 Buy new : $14.99 You Save : $5.00 (25%) Availability: Usually ships in 24 hours 23. Spy Communicators by Wild Planet Offered by: Toys"R"Us Buy new : $19.99 Availability: Usually ships in 24 hours 24. 50'' Big Bounce Ball by Sport Fun Average Customer Rating: Offered by: Toys"R"Us List Price: $29.99 Buy new : $24.99 You Save : $5.00 (17%) Availability: Usually ships in 24 hours 25. Large Space Dome Play Tent by Pacific Play Tents Average Customer Rating: Offered by: Imaginarium Buy new : $49.99 Availability: Usually ships in 24 hours 26. Fun Ride Deluxe Classic Zip Line by Spring Swings & More Average Customer Rating: Offered by: Imaginarium Buy new : $99.99 Availability: Usually ships in 24 hours Create your own guide! See the Best Guides Top 100 So You'd Like to... guides Search So You'd Like to... guides More about Ariel Add to Favorite People Related So You'd Like to... Create a guide Become a Spy : A guide by Alexa Green, Experienced Spy Play all the metroid games? : A guide by winton@people..., Intergalactic Bounty Hunter become a world-class spy : A guide by J. Frank, Writer, Aging Kid Be a super-spy : A guide by tidalwave0007, A 9-year-old super spy know all the right gear for a spy mission : A guide by softballchick907, Emily, Kid super spy Make the ULTIMATE VIDEO GAME COLLECTION!!!! : A guide by dux432, Video Game Player Get the best game systems : A guide by jojowatermelon, amateur gamer Create a guide Related Listmania! Add your list Spy Stuff A list by C.T., Student All the right tools to being a spy A list by Jackie, kid who spies spy gear A list by Michael, student Add your list Where's My Stuff? • Track your recent orders . • View or change your orders in Your Account . Shipping & Returns • See our shipping rates & policies . • Return an item (here's our Returns Policy ). Need Help? • Forgot your password? Click here . • Redeem or buy a gift certificate. • Visit our Help department . Search People Purchase Circles All Products for Top of Page Amazon.com Home | Directory of All Stores Our International Sites: Canada | United Kingdom | Germany | Japan | France | China Contact Us | Help | Shopping Cart | Your Account | Sell Items | 1-Click Settings Investor Relations | Press Releases | Careers Conditions of Use | Privacy Notice © 1995-2005, Amazon.com, Inc. or its affiliates
Christmas Gifts -- Quickly,
Wow Christmas Gifts and Gift Ideas... for Everyone on Your List Wow Christmas Gifts and Gift Ideas... for Everyone on Your List. See How Easily You Can Find Great Christmas Gifts -- Quickly, Enjoyably and at the Right Price... Thursday, September 22, 2005 Welcome to Wow-Christmas-Gifts.com, your #1 resource for finding great Christmas gifts quickly, easily and without stress ! Here you'll find a treasure trove of Christmas gift ideas, tips and suggestions to help you find the right gift every single time -- no matter how large... or small... your budget! There are several ways to quickly get ideas, tips and recommendations. Below you'll find a list of our 'Top 10' most popular Christmas gifts pages . That's a great place to start . Or, you can scroll to the bottom of this page for links to more of our popular pages -- which will help you find gifts by recipient, price range, area of interest, or category . Or, you can click here for a list of all our Christmas gifts articles. Whichever way you choose, you'll find lots of great Christmas gift ideas here at Wow-Christmas-Gifts.com ! Visit our 'Top 10' Most Popular Christmas gifts pages: 11 Great Gift Ideas: Save Time -- and Money -- With These Online Gift Finders 7 Ways to Make Your Loved Ones Feel Special With Personalized Gifts for Christmas The First Christmas: Baby Gifts for This Special Celebration 10 Ideas for Wonderful Chocolate Gifts... To Have the Most Romantic Christmas Ever What Are the Six Best Types of Toys for Christmas Gifts This Year? Six Recommendations for (Unusual) Gift Baskets... That Don't Cost an Arm and a Leg 11 Great Ideas for Christmas Gifts for Men 12 Great Ideas for Christmas Gifts for Women Find Truly Unique Gifts for Adults The Hottest Christmas Toys of This Holiday Season Site Map
college gift-giving The best
The Basics -- 5 cardinal rules of college gift-giving - MSN Money MSN Home My MSN Hotmail Shopping Money People & Chat Sign In W eb Search: Money S earch MSN Money: Help Home News Banking Investing Planning Taxes My Money Portfolio Loans Insurance Planning Home Retirement Savings Insurance Family/College College Tools Scholarship Search College Search Resources Decision Centers Commentary Index More Tools Related Links Message Boards Print-friendly version Send this to a friend Save for College Go to Step by Step A R T I C L E S Understanding the true cost of college Strategies to meet your college savings goal How to set up your child's college fund Small investments that yield big education dollars 5 cardinal rules of college gift-giving The best way to save for college An investment plan tied to yourchild's age Tax-savvy ways to fund college education Advertisement The Basics 5 cardinal rules of college gift-giving There are many ways, such as gifts and trusts, to help your family financially. But you should know the rules to protect yourself and your loved ones. By Adriane G. Berg Rule No. 1: Decide if you really want to make a gift There are consequences associated with gift giving, so think about what youre trying to accomplish. Dont transfer ownership and control over money without intending to do so. Once a name is changed on a deed, bank account or security, you have relinquished ownership of that asset. Even if you have placed the assets in a joint account, a creditor, spouse or other person named in the account can seize all of the money. Be careful. If you need help in handling money use a power of attorney, don't make a gift. Dont use custodial accounts if you think you'll need the money. The most frequently used form of gifts to grandchildren is the Uniform Gifts to Minors Account, the UGMA, or the similar Uniform Transfers to Minors Account, or UTMA. Although the assets are held in custody until the child reaches adulthood, the money belongs to the child. You cant take it back and the child gets the money at ages 18 or 21, depending on the child's state of residence. Make sure the gift is complete. For example, a deed with two names "in common" sets up only a half ownership. If one person dies, the other person does not necessarily inherit the remainder. Placing a grandchild's name on a deed beside your own does not guarantee that the child inherits the house. The child gets half ownership; the rest is distributed according to the law of intestacy for that individual state. Rule No. 2: Know how to title the gift The title on a bank account, stock, bond or deed creates wide differences in legal rights. A joint account transfers funds completely. Creditors, spouses and gift recipients can get all of it. Accounts that are Payable on Death (POD), and In Trust for Accounts (Totten Trusts) are not gifts. They are revocable transfers that pass without probate upon the death of the donor. Custodial accounts, such as UGMAs and UTMAs, transfer property irrevocably and with no strings attached. The custodian manages the account, and funds can be added to it. All of these types of accounts are considered the child's when it comes to determining eligibility for college aid, except POD and Totten Trusts. A true trust sets up a legal structure that the Internal Revenue Service taxes separately from yours or the recipients income. When a person receives funds from the trust, that person then pays the taxes on those funds. Trusts offer a great deal of flexibility. You can put restrictions on gifts held in trust. For example, there can be investment limitations or you can say the funds can be used to pay only for a grandchilds college, or that the funds can only be distributed after he or she reaches a certain age or once theyre married. Rule No. 3: Understand the tax consequences of a gift A child under the age of 14 is taxed on investment gains at his or her parents' highest marginal tax bracket. The so-called "kiddie tax is imposed to discourage transfers as a way to lower your tax bill. However, children under 14 get an exemption from taxation of investment gains of up to $1,400 a year. The bottom line: If income tax savings is your goal, transfer just enough to generate no more than $1,400 in returns each year. When the child reaches the age of 14, transfer more, unless the gift disqualifies the child for college aid. The donor is taxed for gifts. Be sure you follow the rules to get a gift tax exemption: You can transfer up to $11,000 per person each year without the recipient paying a tax or even reporting it on a tax return. Married couples can transfer up to $22,000 per beneficiary gift tax-free. If college is upon you, you can give an unlimited amount of money and pay no taxes if the gift is earmarked directly for tuition or other college fees (although not room and board). You can also pay the medical expenses of a beneficiary in unlimited amounts, if payments are made directly to the medical institution. If you must pay a gift tax, file on the April 15th after the year the gift was given. Gifts over the $11,000 to $22,000 rule are subject to a gift tax based on their fair market value at the time the gift was made. The usual procedure is to file a gift tax return and use all or a portion of the lifetime $1 million exclusion that we each get for gifts and inheritance. (The exclusion bumps up to $1.5 million in 2004, $2 million in 2006 and $3.5 million in 2009. In 2010, the gift and estate tax are to be repealed. The Republican-controlled Congress may try to accelerate these changes.) Rule No. 4: Know the best strategy to maximize the gift. Will you give now or later? If college planning is the goal, you may want to start immediately. Be sure that you don't use property that qualifies under the stepped-up basis rule. Known as SUB, it allows property such as your home to be appraised at its fair market value upon your death, rather than what you paid for it 20 years ago. So, if you have some highly appreciated property and transfer it during your lifetime, your family will end up paying more in taxes. You are depriving the family of this handsome tax benefit. If you need to give money right away, liquidate non-appreciated property or get rid of your losers. Or you can keep the asset in your name and take a loan against it to make the gift. Will you give outright or in trust? The 2503 C trust, sometimes called the child's trust, allows you to hold the gift in trust until the child reaches age 21, and get the $10,000 gift tax exclusion. If the child dies before reaching that age, the money goes into his or her estate. The money cannot be used to discharge a legal obligation of the donor. College is not a legal obligation. Interestingly, if the grantor/grandparent reserves the right to get income from the trust, the IRS considers the grandparent the owner for tax purposes. In that case, the gains are taxed in their bracket. Family limited partnerships have been around since 1910, and have enjoyed a recent resurgence. If you like the idea of a trust, but want to control the money and investments yourself, consider transferring the gift to a partnership. You act as general partner and the children or grandchildren are limited partners and recipients. Their tax bracket is applied to gains, and you can distribute the funds when needed for college or other purposes. The gift is out of your estate and even better, the gift is subject to IRS gift tax discount tables. In that way, you can transfer more than $1 million free of estate and gift taxes over the next few years. Rule No. 5: Understand the family impact of your decision Although the rules of gifting are technical, the act of giving can be very emotional. Giving a gift to one family member in need may anger another family member, even if that person is financially affluent. A few devices can help smooth family tensions, or at least stave off future legal battles. The advancement clause in a will asserts that gifts given during your lifetime are an advance against a future inheritance. This allows you to give, or advance money to one relative today, and have your executor "even out the score," after you are gone. For example, if you give Grandson John $10,000 for tuition and give Granddaughter Sally nothing, you can still leave the two of them a total of $50,000 in your will. But since John already received $10,000, he gets only $15,000 upon your death and Sally gets $25,000. What if you intend to favor one family member over another? You can forestall a legal fray with the "in terrorum clause." That clause asserts that in the event that one relative is disgruntled, any attempt to attack the will or trust results in a forfeiture of inheritance rights. Few heirs fight for the principle of the thing. Resources Read/Post comments on the Your Money message board Find a problem in this article? Send us e-mail Free Newsletters! Search MSN Money tips © 2005 Microsoft MSN Privacy Legal Advertise Feedback Help