My husband had a brief meeting with a lawyer who offered to transfer the deed to my husband to avoid the five-year look-back ...

LegalZoom explains that by familiarizing yourself with the law, you can learn how to protect assets from a nursing home and ...

Find out everything you need to know about irrevocable trust including its definition, its types and the advantages and ...

My sister lives in Minnesota and needs to spend down assets to qualify for Medicaid. She would like ... Where does she go for an irrevocable trust? We contacted the Minnesota cremation society ...

Cuts to Medicaid could increase the number of uninsured. Key components of the bill to fund President Donald Trump's agenda looks to provide major tax breaks by cutting spending elsewhere ...

Irrevocable trusts have many benefits and limitations. Learn more about whether an irrevocable trust works for you. Many, or all, of the products featured on this page are from our advertising ...

The trust must be irrevocable. The trust must contain only the person ... Giving Advice, to review the appropriate actions to take and the actions to avoid. Although the use of a QIT can overcome the ...

What is it? The Medicaid Asset Protection Trust is an irrevocable trust that is created and funded with assets that the clients would like to protect for future generations. The Trust is ...

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. Depending ...

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?

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.

The assets in the irrevocable trust may already be protected ... could work since homes are non-countable assets for Medicaid purposes. Both approaches avoid probate and probably avoid Medicaid ...