There are a few people that are important in my life. And for those people, I will want to give them a cash gift. Now, I am sure just giving $250,000 all at one time might not be in the best interest of my friend. Instead, I will create bank accounts to deposit the gift money into. When the people in my life needs to make a significant purchase, I will likely help them in it. There might come with some exceptions though. If my dear friend is on SSI, I will not give them a house. Simply put, property taxes will be too much for the person to handle. When I feel the money will benefit the person, then I might make a decision in dealing with benefit. For example, if someone I care about has a mortgage, I might contribute $250,000 to the mortgage therefore making a large headway into them paying off their mortgage, and finally owning their house.