Maximizing Year-End Tax Benefits: Gift and Estate Tax Strategies for 2024
As we approach the end of 2024, many individuals, especially those involved in elder care planning, are focused on maximizing...
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December 16, 2015
Estate Planning, Gifting
Estate Planning, Gifting
What are the 2016 Estate and Gift Tax Limits, as set by the Internal Revenue Service (IRS)?
The IRS has announced that the basic estate tax exclusion amount for the estates of decedents dying during calendar year 2016 will...
Reversing a Gift in Order to Qualify for Medicaid Benefits
Question: Mom gifted her home to my sister several years ago. Is there any way that this gift can be reversed...
January 22, 2014
Gifting, Gifting Assets, Short QA
Gifting, Gifting Assets, Short QA
Will Gifts Given Over a Lifetime Preclude a Senior From Receiving Medicaid Benefits?
Question: Will the Fact that Dad has given gifts to his children over his lifetime preclude him from receiving Medicaid...
Impact of Gifting on Medicaid Eligibility
Question: "In preparation for Mom needing to rely on Long Term Care Medicaid benefits in the future, we have been...
December 12, 2012
Gifting Assets, Transfer of Assets
Gifting Assets, Transfer of Assets
Question About Medicaid Exempt Transfers
Question: My mom is 85. I am 62 and blind. Is it true that elderly parents can transfer all assets to blind...