Gifting realastate are ther limataion
Gifting realastate are ther limations to the amount. and in the event of state asstid helth care cane the state come back and clame or lean the gifted realastate.
Asked on 9/23/04, 4:10 am
2 Answers from Attorneys
Bruce Busch
Bruce R. Busch, Attorney at Law
Re: Gifting realastate are ther limataion
There are all sorts of issues involved. Go see an experienced elder law attorney for a consultation.
Answered on 9/23/04, 4:21 am
Elizabeth Powell
ELizabeth Powell PS Inc
Re: Gifting realastate are ther limataion
There are no limits but there are tax issues, and further, the government takes a dim view these days of gifting away assets in order to qualify for medicare/medicaid benefits. You really need to talk to an attorney. Powell
Answered on 9/23/04, 9:09 am
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