TopHot
Best way to pay Dad’s debts/bills?
Best way to pay Dad’s debts/bills? I can afford to pay off his credit card debt ($6k) quickly and can cover the 2nd mortgage ($89k) in 1-2 years. However, gift taxes would make this difficult. How can I go about this without incurring large tax penalties? Context: my mom hates my dad (no good reason). They are still legally married. She’s managed to make him pay the insurance, pr...
Category:
