Welcome! Thank you for your question.
While there are much safer ways to protect your disabled brother, like using a trust, gift tax is not an issue here.
There is a $13,000 annual exclusion for each person that you give gifts. Any amount that your wife gives away above $13,000 must be reported on a 709 form. However, you and your wife each have lifetime gift and estate
tax exemptions of $5.124 million dollars. While the gift is reportable, it will reduce her lifetime exemption by $20,000 to approximately $5.104 million dollars in lifetime exemption left. It is not until she gives or leaves to heirs
more than $5.104 million dollars above the annual exclusion amounts that she will have to pay gift or estate tax.
Also, there is not a North Carolina gift tax.
I cannot provide you with legal advise. I have provided you with information about the law related to your question. My answer, and any information that you find online, should not take the place of having a consultation with a lawyer in your area to advise you regarding your specific issues.
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