Quote Originally Posted by Krisco750',index.php?page=Thread&postID=103873#pos t103873]It looks like you can still grant at level 60 (THANK GOD!) and that it was a mistake in the FAQ that was corrected (but not on the EU version yet).[/quote]

For some reason I always thought it was "earn gifts until you turn 70" and "give gifts for every 2 levels you earn to any character on the vet acct of lower level than you (or level 60, whichever is smaller)"

Ahh, here we go:
[url]http://forums.worldofwarcraft.com/thread.html?topicId=8557372932&postId=87289687839& sid=1#189[/url]
[quote='GM Syndri
Alright. On the level gifting front!

Recruit-A-Friend trial characters (continuing even after upgraded) will receive 1 free level for every 2 levels gained up until 70. This means, a "trial" character may successfully give away 30 levels. These levels may be stored up to 90 days, when the Recruit-A-Friend benefits expire.

With this, you may give all 30 levels away at once—all to one character, or to multiple different characters. A character may receive gifted levels up to level 60.

Hope that helps.