Gifting and the 2018 Gift and Estate Tax Exclusion Numbers

Q. Our daughter got married a few months ago and she and her husband found the perfect starter home in Springfield. The owners accepted their offer and my daughter and her husband asked me for $20,000 to help with the down … [Read more...]

Charitable Giving: The Risks of Generosity

Q. My granddaughter, Abigail, recently got married and my husband and I would like to give her a gift of $14,000 before the end of the year to put towards a down payment on their first home. To be fair, we also want to give the … [Read more...]

Will Christmas Gifts Disqualify Grandma?

Q. My grandmother is really excited about Christmas this year. In the spirit of the season, she is considering making a truly meaningful gift of $5,000 to the local animal shelter, and giving another $5,000 to her church. She also … [Read more...]

Giving Money to Your Children (while you’re still alive)

Janet's granddaughter, Grace, recently got accepted to veterinary school. Janet is thrilled at this huge accomplishment, and would like to give Grace a gift of $40,000 ($10,000 a year), to help her pay for school, so she wouldn't … [Read more...]

Informal Home Care Could Result in Medicaid Ineligibility

Betty Jensen was an elderly woman with dementia, who resided in her home in Muskegon, Michigan. In May 2011, when she needed assistance, her concerned grandson, Jason, acted on her behalf and hired a non-relative, Teresa … [Read more...]

Those who are aware of Medicaid, but misinformed and confused

If you are confused or mistaken about the rules of gifting in the context of Medicaid qualification, you likely won't ever venture into the practice of Medicaid Asset Protection.  If you do practice Medicaid Asset Protection, … [Read more...]