Dear Harry: My mother is in her early 80s and not in the best of health. She has CDs that total about $300,000 plus a few shares of stock. She wants to make sure that I get these assets when she dies, so she is considering giving me a gift of the money now and going on Medicaid if her SS and small pension are not enough to carry her. We are getting conflicting reports on whether I can be held responsible for her care because of the gift. Is this something you would recommend?
Harry Gross: A gift from elderly mom?
Copyright PHILY - Philly.com