<prompt> Human: My father currently lives with us and we care for him. He is not terminally ill, but his health continues to decline every year. We do not have power of attorney over him, and he is completely capable of making decisions himself.Recently, he told us he wants to transfer all of the money hes saved for retirement over to me and my wife immediately to avoid paying the government estate taxes when he passes away. As of right now, we pay for all of expenses anyways.Right now the assets total:60k in checking account.625k in 3 different saving accounts.200k in 4 different accounts with Vanguard, Fidelity, T. Rowe PriceThere are no debts.But, this seems kind of shady to me. Is this legal? If so, how would we declare this on next years tax returns?  <response>: Your father needs a will and a decent estate planner. 