MedicaidEstatePlanning
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www.irrevocablemedicaidtrust.com/
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The latter is important for protecting assets from nursing home expenses subject to the five-year look-back period. Primary features of the Irrevocable Medicaid asset protection Trust are that neither the grantor nor the grantor's spouse may be the trustee and that these trusts are income-only trusts. Most people choose one or more of their adult children to act as trustees of the irrevocable trust. Since principal is not available to the grantor, the client will not want to put all of their assets into such a trust.
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medicaid estate recovery irrevocable medicaid asset protection trust medicaid estate planning
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Personal Information
Website
www.irrevocablemedicaidtrust.com/
About
The latter is important for protecting assets from nursing home expenses subject to the five-year look-back period. Primary features of the Irrevocable Medicaid asset protection Trust are that neither the grantor nor the grantor's spouse may be the trustee and that these trusts are income-only trusts. Most people choose one or more of their adult children to act as trustees of the irrevocable trust. Since principal is not available to the grantor, the client will not want to put all of their assets into such a trust.
Tags
medicaid estate recovery irrevocable medicaid asset protection trust medicaid estate planning
See more