Rochester Elder Law Attorney Explains Medicaid Gift Giving

  •  Many of the rules of medicaid gift giving vary from county to county.
  • New York State used to have a gift tax, and actually eliminated one of their taxes.
  • The Federal Gift Tax is at $5.3 Million and above.
  • For people who have large estates, they can give away $14,000 per year to as many people as they want.
  • They will review your pattern of gift giving to make sure money is not being given away to qualify.

This educational legal video was brought to you by Robert Friedman, an experienced Rochester Elder Law Attorney.