I have a elderly man who doesn't have children or a spouse who is a good friend of mine. He has a farm and was going to will it to me when he dies but instead he decided to sell it now so he can enjoy the rest of his days. He is now wanting to give me as a gift a very large amount of money. What should I do when He gives this to me? Can he give me a gift that is very large? Are there any laws against this? How much tax will there be?