As an experienced Rochester Elder Law Attorney, people often ask me about the statutory gift rider for the power of attorney. The power of attorney itself authorizes gifts of up to $500 per year. If you would like to authorize your agent to make gifts of more than $500 per year for Medicaid planning and estate planning, then you need to sign a statutory gift rider before two witnesses.
Are you interested in getting a statutory power of attorney gift rider? If so, contact the experienced Rochester Elder Law Attorney Robert Friedman.
This educational legal blog was brought to you by Robert Friedman, an experienced Rochester Elder Law Attorney.
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