Legal Question in Elder Law in Pennsylvania
Gift of money given by elder
My grandmother is in a nursing home. My brother has power of attorney. How much money can be given as a gift per year to my grandmother's relatives?
We don--name removed--want the nursing home to get all of her money, nor does she. However, we want to make sure that any transaction is legal.
Asked on 12/22/04, 3:40 pm
1 Answer from Attorneys
Marc V. Taiani
AAAL - Allegheny Attorneys At Law
Re: Gift of money given by elder
First off there is a 5 year lookback period, meaning any transfer of money from your Grandmother for the purpose of having Medicare and Medicaid pick up the tab for the nursing home would be considered null and void. However, you need to contact an Attorney as soon as possible on this matter......my office is available at 413.731.0865 or www.AlleghenyAttorneys.com
Answered on 12/23/04, 10:46 am
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