• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Gift tax

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

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.
 



Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
data-ad-format="auto">
Top