Chette,
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I have had to research 10,000 pages of IRS guidelines, documents and forms for over a six month period. this is what I have found out
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1) a cash gift given to any one person directly is non taxable
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This is 100% untrue.
You need to go and read IRS Publication 950, and see what it says about the gift tax.
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seeing the gift was made in cash and it was one person giving it for another (not organizations) it is a direct gift from the deceast and it is not taxable
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You need to see IRS Form 709
Then you can learn who pays the gift tax. Now the laws were not the same in the 1990's either, but they were close to whey are today. The dollar amounts have went up, but it's mostly the seam.
My advice to you as a financial planner is this. Stay away from giving tax advice. You may end up in jail giving bad illegal tax advice.
I do not give tax advice for a living, but I have prepared well over 1500 tax returns. I usually refer my clients to a CPA or EA, a true tax professional.
Atlas