Is there a limit on how much I can gift for Medicaid Purposes?

Generally, in determining the Medicaid eligibility of a person receiving nursing facility services, any gifting of assets made by the applicant within the “look back period” will render the person ineligible for Medicaid for a period of time equal to the value of the gift divided by the regional rate.  Under current law, the look…

Gift Tax

How much can I gift each year? Most people think you can only gift $15,000.00 per recipient in 2019.  You might be surprised to hear that you can gift a lot more than that.  You might be saying, “I thought the annual federal gift tax exclusion is $15,000.00”.  While you are correct, it is important…

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