What You Need to Know About Medicaid Asset Transfer Rules

Tag Archives: Gifts

What You Need to Know About Medicaid Asset Transfer Rules

There are several key requirements you must fulfill to qualify for Medicaid benefits. One of these requirements is that you must not have recently transferred any assets, over a certain value threshold. The reason for this is that the federal government believes it is unfair for wealthy people or simply people who would not qualify […]

Avoid These Potentially Troublesome Gift-Giving Strategies

Although there’s a large tax exemption limits for gifts you make to other individuals each year, there are still some gift-giving strategies that could land you in trouble with the Internal Revenue Service (IRS). Below are a few examples of the actions you should avoid. Loans disguised as gifts In some cases, parents or grandparents […]