#119 | Should You Gift From a Parent With Dementia? What the Law Actually Says
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#119 | Should You Gift From a Parent With Dementia? What the Law Actually Says
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Is it ever okay to make gifts from a parent with dementia?
That question isn’t just emotional—it’s legal. And making the wrong decision could land you in court or delay Medicaid coverage for long-term care.
As a caregiver, you're likely trying to do the right thing. But what is the right thing when you're managing someone else’s money, memories, and future? This episode walks you through the vital legal and ethical considerations around gifting for a loved one living with dementia.
In this episode, you’ll learn:
- The exact questions to ask before gifting from a parent’s account—including what legal documents you must review.
- How to avoid violating your fiduciary duty (and why that matters more than good intentions).
- How gifting can impact Medicaid eligibility—and why the 5-year lookback could come back to haunt your family.
🎙️ If you're caring for a parent with dementia and wondering what’s legally allowed (and ethically sound), this episode gives you the clarity you need to act with confidence.
🌐 Learn more: https://www.keystoneelderlaw.com
📧 Request dementia care coaching: info@keystoneelderlaw.com