I will want to share in some of my wealth. I know a person on SSI?, and for her – I will create a gift account. In addition, there are a few people that I only know through email, but I will want to give them something to look forward to as well. I also have a niece who likely has a mortgage. With that said, my niece will have a significant portion of her mortgage covered from the amount that I will give her. If there is anything left over, I will write her a check.
Everyone else will have a checking account created for their benefit. When they wish to have money, and I accept their request, I will do a wire transfer to their account. If it is for my friend on SSI, I will just pay the company directly so she doesn’t suffer by me giving her a gift. Once the gift account is used up, I will close the account, and that would be all.