No time like the present to consider gift-giving program

July 1, 2003
John J. and Traudy F. Grande

John J. and Traudy F. Grande, CFPs,
are the editors of Money Matters. They are owners and principals of Grande Financial Services Inc. and registered principals
of Raymond James Financial Services Inc., member NASD/ SIPC. The Grandes advise

Q Should I consider making annual gifts to my grown children? If so, what amounts can I givewithout paying a gift tax?