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List and briefly explain the 5 elements of a gift. Then provide an answer for the following scenario: A client wants to give her nephew
List and briefly explain the 5 elements of a gift. Then provide an answer for the following scenario: A client wants to give her nephew money for his private school tuition, and she asks you the best way to do this. Explain how she can pay for her nephews schooling and not be subject to transfer taxes or gifting limits.
Make your reply at least 300 words with at least one biblical or scholarly source
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