Understanding the Gift Tax: How to Give to Loved Ones Without Triggering a Tax Burden
When it comes to helping loved ones financially, especially in the context of elder care, gifting can be an excellent...
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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...
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...
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...