Monthly Archives: May 2018

ASK TOM: To Give or Not to Give Big Gifts?

A Time to Give: If one spouse has a catastrophic illness or is trending in that direction (say due to declining ability to keep track of things), it is a time to consider large gifts.  The gifts are expedient if there is no resource with which to pay nursing home care as the sick spouse becomes worse.  The well spouse can in that situation become impoverished.  Governmental benefits for nursing home care for patients in severe need require the property of both spouses to be used for the help of the ill spouse. A solution is to immediately make large...Read More