Mom has an old, but sturdy car. She can no longer drive it. She wants to give it to her grandson, but we don't know what is the maximum dollar amount in assets that can be gifted to someone per year. I doubt that she will get to a point where she will need Medicaid, however I refuse to take chances with her finances and want to ensure I cover all bases before finalizing the gifting of the car. Also, the car may have about $3500 in value, but requires $1000 in repairs - which my nephew is paying for. To the net difference in asset exchange would be $2400. Mom has an elder law attorney but due to some complications with another family member, we were in talks with another partner/lawyer to do a guardianship (because of the neglect mom was receiving at the hands of her son. Now she lives with her daughter in a different city and there are controls in place to protect her from the nonsense she was enduring. Therefore - and I have he DPOA - I've held off on pursuing the guardianship. I don't want to spend the money unless I feel Mom's competency begins to diminish or that she could be in some sort of dire situation.). Since I've not gone forward with the guardianship, her attorney hasn't been very responsive. Additionally, Mom has essentially given the car to my nephew and the car is being repaired. I just want to make sure I have an audit/document trail for future reference if need be. Any advice you can provide is GREATLY appreciated. By the way, I'm so glad a venue like this exists. Really helps me plough forward. Thanks all!