https://ttlc.intuit.com/community/taxes/discussion/gifting-one-donor-multiple-recipients-in-one-family/01/2952174#M1077831 <P>I am a single grandmother who would like to gift $17,000 to each of my nine descendants for several consecutive years so that an assisted living home does not get the bulk of the money that I have saved.&nbsp; I have one son with a wife and three adult kids, and one daughter with two adult kids and one infant grandchild, so that is nine people. I will write nine separate checks.&nbsp; My son's family will deposit their checks into one account that my son will maintain. My daughter's family will deposit their checks into one account that my daughter will maintain.&nbsp; &nbsp; &nbsp; I am aware of the five-year lookback period for Medicare and that the latest of my gifts might possibly trigger Medicare's penalty period. That's why my 58-year-old son and 60-year-old daughter will pool each family members' gifts and sit on the money until a potential penalty period is paid out.&nbsp; Can each family combine their gifts into one account, or do each of the nine people need to deposit their gifts into nine separate accounts?&nbsp;</P> Tue, 24 Feb 2026 01:00:43 GMT TrailRider1964 2026-02-24T01:00:43Z https://ttlc.intuit.com/community/taxes/discussion/gifting-one-donor-multiple-recipients-in-one-family/01/2952174#M1077831 <P>I am a single grandmother who would like to gift $17,000 to each of my nine descendants for several consecutive years so that an assisted living home does not get the bulk of the money that I have saved.&nbsp; I have one son with a wife and three adult kids, and one daughter with two adult kids and one infant grandchild, so that is nine people. I will write nine separate checks.&nbsp; My son's family will deposit their checks into one account that my son will maintain. My daughter's family will deposit their checks into one account that my daughter will maintain.&nbsp; &nbsp; &nbsp; I am aware of the five-year lookback period for Medicare and that the latest of my gifts might possibly trigger Medicare's penalty period. That's why my 58-year-old son and 60-year-old daughter will pool each family members' gifts and sit on the money until a potential penalty period is paid out.&nbsp; Can each family combine their gifts into one account, or do each of the nine people need to deposit their gifts into nine separate accounts?&nbsp;</P> Tue, 24 Feb 2026 01:00:43 GMT https://ttlc.intuit.com/community/taxes/discussion/gifting-one-donor-multiple-recipients-in-one-family/01/2952174#M1077831 TrailRider1964 2026-02-24T01:00:43Z https://ttlc.intuit.com/community/taxes/discussion/re-gifting-one-donor-multiple-recipients-in-one-family/01/2952189#M1077834 <P>As long as you make separate checks, how they store the funds is immaterial.&nbsp;</P> <P>It would be fine (as far as the gift tax is concerned) that they deposit funds into joint accounts. &nbsp;</P> Tue, 14 Mar 2023 03:29:04 GMT https://ttlc.intuit.com/community/taxes/discussion/re-gifting-one-donor-multiple-recipients-in-one-family/01/2952189#M1077834 KrisD15 2023-03-14T03:29:04Z https://ttlc.intuit.com/community/taxes/discussion/re-gifting-one-donor-multiple-recipients-in-one-family/01/2952254#M1077857 <P>Just to be clear.....the five year lookback is not with Medicare. It is with<FONT face="arial black,avant garde"> Medicaid.&nbsp;</FONT> &nbsp; If you need for your care in a nursing home, etc. to be paid for by Medicaid because you have exhausted your own assets, they have a five year lookback to any money you have given away.&nbsp; &nbsp;It seems you have a significant amount of money at stake here.&nbsp; You should seek advice from an elder law attorney to help you understand the way all of these things work.</P> Tue, 14 Mar 2023 04:35:34 GMT https://ttlc.intuit.com/community/taxes/discussion/re-gifting-one-donor-multiple-recipients-in-one-family/01/2952254#M1077857 xmasbaby0 2023-03-14T04:35:34Z https://ttlc.intuit.com/community/taxes/discussion/re-gifting-one-donor-multiple-recipients-in-one-family/01/2952287#M1077871 <P>also discuss the gift giving with the lawyer. Medicaid is not the IRS so how they would view the gifting could be different than how the IRS views it</P> Tue, 14 Mar 2023 05:17:01 GMT https://ttlc.intuit.com/community/taxes/discussion/re-gifting-one-donor-multiple-recipients-in-one-family/01/2952287#M1077871 Mike9241 2023-03-14T05:17:01Z