Dear Raider,My son recently graduated from high school. My mother wants to give him a monetary gift of $1,000. She is in the early stages of dementia and may need nursing home care in the not-so-distant future. Would giving … [Read more...]
Print This PageCritter Corner: Would a Graduation Gift to my Son Affect my Mother’s Medicaid Eligibility?
June 28, 2024 by
Grandparents and Others can Contribute More to 529 Plans without Affecting College Financial Aid
June 17, 2022 by
Q. My son, Bryan, is entering middle school. His grandfather (my dad) is coming for a barbecue for Father’s Day this weekend, and we are also celebrating Bryan’s birthday. My dad has been contributing to a 529 plan to help pay for … [Read more...]
Print This PageGiving Gifts to Grandchildren Without Wrecking Your Own Financial Future or Creating a Sense of Entitlement
July 16, 2021 by
Q. I have six grandchildren -- three from each of our two daughters. They live close by so I see them often and adore every one of them. I am not getting any younger and have some money I’d like to gift to them now, while I am … [Read more...]
Print This PageSon Is Liable for Mother’s Nursing Home Expenses
July 12, 2019 by
Q. My mother was diagnosed with dementia and will need nursing home care in the not-so-distant future. She recently started giving huge monetary gifts to me and my sister for birthdays and holidays. I told her that what she is … [Read more...]
Print This PageGifting and the 2018 Gift and Estate Tax Exclusion Numbers
December 1, 2017 by
Q. Our daughter got married a few months ago and she and her husband found the perfect starter home in Springfield. The owners accepted their offer and my daughter and her husband asked me for $20,000 to help with the down … [Read more...]
Print This PageCharitable Giving: The Risks of Generosity
December 30, 2016 by
Q. My granddaughter, Abigail, recently got married and my husband and I would like to give her a gift of $14,000 before the end of the year to put towards a down payment on their first home. To be fair, we also want to give the … [Read more...]
Print This PageCritter Corner: Gift and Estate Tax Exclusion Amounts for 2017
December 30, 2016 by
Dear Angel,I noticed you sent out the new key elder law numbers last week, but I did not see anything about gift and estate tax exclusion amounts for 2017. What are the new gift and estate tax exclusion numbers for 2017, and … [Read more...]
Print This PageWill Christmas Gifts Disqualify Grandma?
December 18, 2015 by
Q. My grandmother is really excited about Christmas this year. In the spirit of the season, she is considering making a truly meaningful gift of $5,000 to the local animal shelter, and giving another $5,000 to her church. She also … [Read more...]
Print This PageGiving Money to Your Children (while you’re still alive)
October 6, 2015 by
Janet's granddaughter, Grace, recently got accepted to veterinary school. Janet is thrilled at this huge accomplishment, and would like to give Grace a gift of $40,000 ($10,000 a year), to help her pay for school, so she wouldn't … [Read more...]
Print This Page
