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As mom opens each persons gift, have them come up to front table to select their favor.
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If you do this right paying the premiums with your annual $10,000 per person gift tax exemption and holding the policy in an irrevocable life insurance trust your beneficiaries can get the death benefit free from estate income taxes.
Buy the person gift certificates or vouchers to their favorite grocery store or restaurant so they can purchase and eat the foods they like best.
Sometimes doing everything possible to meet and/or exceed loved ones' expectations with a mountain of gifts during the holidays can be overwhelming -- to the person receiving the gift, as well as the person giving the gift.
In any event, gift taxes are paid by the person giving the gift, not the recipient.
Or you can choose something really unique and creative like a Zidisha person-to-person microlending gift card.
If you want something unique and conversation-provoking, find a creative niche such as a Zidisha person-to-person microlending gift card.
To avoid getting stuck with an unwanted holiday present, both you and the person giving the gift must take a few simple precautions.
It should list each gift, the name and email (or paper mail if you prefer to consume paper for thank you notes) address of the person giving the gift.
Inscribed books are signed to a specific person, association copies are signed to a well-known person, and gift inscriptions are signed by someone other than the author.
The second person could either choose to pick from the pile, or "steal" the first person's gift.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com