Can I Give My Kids $15,000 a Year?

On October 18, 2018

If you have it to give, you certainly can, but there may be consequences should you apply for Medicaid long-term care coverage within five years after each gift.

The . . .

Promissory Notes and Medicaid

On August 8, 2018

A promissory note is normally given in return for a loan and it is simply a promise to repay the amount. Classifying asset transfers as loans rather than gifts can . . .