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Gifts Lawyer

If you wish to make charitable gifts to a certain organization, or simply wish to make a gift to a family member, you should be sure to contact a gifts lawyer for advice, particularly if your intended gift is a sizeable amount. As there are certain federal and state tax laws that might be applicable to any such gifts, as well as complications with Medicaid coverage if you transfer assets just prior to entering a nursing home, a gifts lawyer can give you essential advice about the impact of these gifts on the intended recipients, as well any impact that they might have on you personally. Due to these laws, there are a number of considerations that you should balance before deciding to make a gift of a substantial amount, whether it is to a charity or an individual.

Fast Facts

  • One study estimates that if the estate tax is repealed as planned, charitable contributions will decrease by approximately $13 billion.
  • A 2008 study reported that 58% of Americans did not have wills.

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