Legal Question in Civil Litigation in Georgia
If my girlfriend gives me a large sum of money as a gift with no strings attached and then we break up, can she take the money back? Should I get a letter notarized stating that it is a gift with no contingencies attached?
2 Answers from Attorneys
It wouldn't hurt to have that letter. People argue loan versus gift all the time.
Loan vs Gift - notarized statement would help
Also, depending on how large the gift, IRS may be involved
Consult with tax attorney and/or or CPA before you do notarized statement so that neither of you will run afoul of the IRS -- it will be worth his/her fee to protect that "large sum" of cash
Also, you can be advised how to deposit same and how to prevent it from appearing to be "drug" money (or other illegal gains) subject to forfeiture
Good luck and enjoy
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