If I understand correctly, there are limits to how much you can give your kids before taxes kick in.  It used to be something like $10K&#x2F;year and $150K&#x2F;lifetime above the $10K&#x2F;year.  And if you used the $150K&#x2F;lifetime, it cut into what they could inherit without taxes.<p>IANAL, and that was a while ago.  I don&#x27;t know what the current rules are.