R
rimsy10
Guest
What is the name of your state? NH
My sister and I have POA over our mother's estate (she has alzheimers). Her estate is reaching the million dollar tax limit and we've considered using the gift tax option. My sister has the primary POA and she and my mother live in MI. Can one POA receive a gift of cash and the other a gift of property if they both are of equal value? My sister is on medicade, social security, disability and medicare. She is concerned that, by doing the gifts I mentioned above, it may effect her benefits.
My sister and I have POA over our mother's estate (she has alzheimers). Her estate is reaching the million dollar tax limit and we've considered using the gift tax option. My sister has the primary POA and she and my mother live in MI. Can one POA receive a gift of cash and the other a gift of property if they both are of equal value? My sister is on medicade, social security, disability and medicare. She is concerned that, by doing the gifts I mentioned above, it may effect her benefits.