gifting power
 n.— «Allowing the people who watch over you to withdraw money for themselves—often called “gifting powers”—could be dangerous and needs to be discussed at length with your lawyer. Also, federal laws have changed and could make a person ineligible for medical assistance if a certain dollar amount of “gifting” was done.» —“Grandson in guardian quandary” by Jennifer Learn-Andes Times Leader (Wilkes-Barre, Pennsylvania) Sept. 11, 2006. (source: Double-Tongued Dictionary)

Tagged with →  

This site uses Akismet to reduce spam. Learn how your comment data is processed.