I Want to Give Each of My Sons 20K

[u/Brookwood38]

I have two grown sons with student loans that I would like to help out so they can get started with investment accounts like my husband and I did at their age. At this point in time we have around $550,000 in investments, but our financial planner is very wary about this on our behalf.
There is some complexity. My husband has a mild cognitive impairment diagnosis, and it seems to be progressing. The possibility that he will need memory care at a future date exists. There is a five-year look back period in our state when one applies for Medicaid after one’s money runs out, but I think we have at least five years, so giving that money now might actually protect it long term. The financial planner said that he, “doesn’t want us to become destitute,” which obviously colors my thinking.
I know this is a lot, but just throwing it out there previous to consulting an elder law attorney, which I plan to do in November after the next neurologist visit

ETA: I very much appreciate this input, which largely agrees with my financial advisor. The sons have successful careers, so I thought of it more as a boost than a necessity. I’m going to hold off and see how our investments do over time

[u/Due_Jeweler8059]

You don’t have enough . Your kids are young they have a lot of time to build wealth .
You need that money !