Medicaid Asset Protection Trusts When you create an irrevocable trust, you transfer ownership of your assets to a trustee, ...
For those who don't qualify for long-term care insurance or can't afford it, the Medicaid Asset Protection Trust can protect your assets from the high cost of long-term care in your home or in a ...
Are you concerned about the rising cost of long-term care? Are you worried about not being able to leave your spouse or kids the assets that you’ve worked so hard to save? If so, then I'm going ...
Editor’s note: This is part five of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially ...
Public assistance programs like Social Security and Medicaid have certain income and asset restrictions and trust funding is not counted toward these qualifications. A grantor creates the trust ...
Certain strategies like special trusts, home equity transfers and annuities can help meet those eligibility rules and protect assets like your home and retirement accounts from Medicaid spend-down ...
It is also important that the Trust was for the sole benefit of the wife, whereas if there had been other beneficiaries, the result might have been different. Implications for Asset Protection ...