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Old 01-08-2003, 06:42 PM
Grammy5
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Gifting - who can?

What is the name of your state?
Our state is Pennsylvania.

Question is: Can a daughter, who has power of attorney, gift $11,000.00 to herself and 2 other siblings - because mother is 94 and not mentally able?
And, if mother passes away within that year are there any tax consequences?
  #2  
Old 01-09-2003, 05:31 PM
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Join Date: Aug 2002
Location: Washington
Posts: 3,484
Get a court to approve the transfer. If you give yourself $$, it's self-dealing. The court will probably just approve it, if each child is getting the same amount & the gift is intended to avoid estate taxes.
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