Legal Question in Elder Law in New York

gifts to mitigate estate tax

We are seniors and gifted and forgave loans to 4 adult children over the last 29 years. Now, we have insufficient funds. They refuse to help.

Can we rescind?


Asked on 6/22/08, 8:24 am

1 Answer from Attorneys

Richard Bryan Richard Bryan Attorney PC

Re: gifts to mitigate estate tax

Probably not. I'd want to take a look at all the paperwork though.

Good luck.

Rick Bryan

New York, NY

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Answered on 6/22/08, 8:52 pm


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