What should be included in a durable property power of attorney?
In most situations your agent (the person or persons to whom you grant the power to act on your behalf) should have expansive powers to properly handle your particular financial matters. One such power may be to permit your agent to make gifts in excess of the annual exclusion amount of $12,000. This is especially important in those limited situations where gifting becomes part of an overall planning strategy to achieve eligibility for Medicaid.
