When my mother passed, she left us (me and 3 sibs) a 200 acre ranch in Texas which we are in the process of selling. Out of the proceeds, I want to help my adult daughter, who obtained a Ph.D. using student loans. Her debt is $500k. I'd like to put a dent in that, much more than the yearly "gift" allowance which will probably only cover the yearly interest on the loan. Since I am not taxed on the proceeds of the estate, if I write her loan company a check for 200k, will she suffer any tax implications?
original posted by motherofspoos to r/personalfinance on Sun, 03 Mar 2024 05:11:24 GMT.