I've heard of this however, do not know how it works! Has anyone had anything to do with this? I just got off the phone with my dad, and mentioned that i'd like to buy a house soon, and (you guessed it) he could send some coin my way. What is the limit that he can legally give me, tax-free? Is there a limit? Is this a shady way to reduce his assets? (super) His main concern is apply for pension when he turns 65, and being questioned about "oh, where di $50k go in 2010"? Is this a general practice between family members, or unheard of, etc.. Anyone dealt with this situation before? Thanks!