Gifting Money Best Practices: Understanding the Basics When it comes to financial generosity, the concept of gifting money not only reflects affection but also mirrors financial acumen. Defined simply, to gift money is to give it without expecting repayment—a transfer fueled by goodwill. For many, gifting money to family or friends is a supportive gesture during life milestones: think college funds, wedding bells, or down payments for a first home. But beneath these warm gestures lies a…