I’m Confused about Gift Tax and Medicaid – I Can Give My Money Away, Can’t I?
The laws are very specific about how your gifts to family and friends are taxed. Hyman G. Darling, Esq. explains them in this video. He will also offer information that may help prevent you from getting caught in the Medicaid qualification trap.
This video has been prepared by Bacon Wilson, P.C. for informational purposes only and is not intended and should not be construed as legal advice. This information is not intended to create, and receipt of it does not constitute, a lawyer-client relationship. Viewers should not act upon this information without seeking professional counsel. Do not send us information until you speak with one of our lawyers and get authorization to send that information to us.