2. verb. If you foster a child, you take it into your family for a period of time, without becoming its legal parent. She has since gone on to find happiness by fostering more than 100 children. [VERB noun]
Yes, a stepchild is eligible to be a dependent on your health plan up to the age of 26. If your coverage is an employer group plan that provides benefits to children, you will be given at least 30 days to enroll the new dependent. An eligible child can be a biological child, adopted child, stepchild or foster child.f your coverage is an employer group plan that provides benefits to children, you will be given at least 30 days to enroll the new dependent. An eligible child can be a biological child, adopted child, stepchild or foster child.
The IRS does not tax these types of gifts regardless of the amount of the gift. Invest in life insurance. Many life insurance policies will cover any estate taxes so that your heirs will not have to pay them after you die.You can set up a trust fund as the beneficiary of the life insurance policy if you wish.he IRS does not tax these types of gifts regardless of the amount of the gift. Invest in life insurance. Many life insurance policies will cover any estate taxes so that your heirs will not have to pay them after you die.