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You can provide $14,000 gifts,as adjusted for inflation to as many people as you like To make sure estate taxes are paid when your spouse passes away,at least one trustee of the QDOT must be a U The Law Firm of Steven F.Bliss Esq.A living will,also known as an advance directive,sets forth your wishes regarding what types of life-prolonging medical treatment you do,or do not,want in the event you become terminally ill or injured and are unable to communicate your wishes.
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A couple can give an individual a combined $28,000 annually,gift-tax complimentary AMERICAN JURISPRUDENCE AWARD 1987: Constitutional Law The Law Firm of Steven F.Bliss Esq.The first is typically called a Healthcare Power of Attorney or Health Care Proxy and it allows you to specify who will make decisions in your place in case of a medical emergency situation.