Medicaid Gift Rules in Missouri

by Jenny H
(MO)

Question:


I have Durable Power of Attorney (dpoa) of both my parents with full gifting abilities. Can i gift without affecting their medicaid eligibility in the state of missouri?



Answer:

Hi, yes, as the agent for your parents, you would be making gifts as if you were they. So, the gift is still treated as if your parents made the gift. You're stepping into their shoes, so to speak.

You are in a better position than most, since the garden-variety power of attorney form usually does NOT permit gifting at all.

Here's a discussion of the basic medicaid consequences of giving a gift:

Medicaid Consequence of Giving a Gift.

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