As an experienced Rochester Elder Law Attorney, people often ask me about statutory power of attorney gift riders. 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 a notary public as well as two witnesses. These two documents go hand in hand and are an important part of an estate plan.
Are you interested in establishing a statutory power of attorney gift rider? If so, contact dedicated Rochester Elder Law Attorney Robert Friedman for a legal consultation.
This educational legal blog was brought to you by Robert Friedman, an experienced Rochester elder law attorney assisting clients with statutory power of attorney gift riders for over 30 years.