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Retirement tax questions
That's an interesting point. If, for the sake of argument, you were giving away your money so that you would look "poor" and qualify for Medicaid or other long term care, the government can claw that back from the recipients within certain time limits. Hopefully you are in the best of health and just thinking about helping your kids. But depending on the circumstances you may want to see an elder law or estate planning attorney.
May 31, 2019
5:53 PM