If you put that home into an irrevocable trust, you may be able to avoid estate taxes when you die and qualify more easily for Medicaid benefits if you ever need to go into a nursing home.

You don't have to consider yourself elderly to hire an elder law attorney. In fact, most elder care lawyers recommend you hire one long before you ...

However, assets held in a trust avoid the court ... cost of their care through programs like Medicaid or Aide and Attendance. The result being that an irrevocable trust can protect the parents ...

Work with an experienced attorney to make sure your trust is set up and funded correctly. 1. Determine What Type of Trust Is Best The two common forms of trusts are irrevocable and revocable.

Building wealth is a journey of dedication and strategic planning. However, ensuring that your hard-earned assets benefit ...

"Advisors can help clients avoid these pitfalls by encouraging ... care costs and qualify for state benefits, like an irrevocable trust." Social Security benefits can also play a role in funding ...

So, one way people try to avoid the recovery program ... Asset Protection Trust,” or as an “Irrevocable Income only Trust (IIOT),” or as a “Medicaid Trust.” Who Can Be a Trustee?

An irrevocable trust is an essential tool in the kit of most estate planners, not only for sheltering assets from future estate tax, but for protection from potential creditors and lawsuits.

Probably not, but the answer depends to some extent on how your state applies the Medicaid rules ... is not the beneficiary under your will or trust just in case you pass away before him rather ...