Ensure your inheritance goes to your loved ones. Learn how Medicaid estate recovery rules can impact revocable trusts and how ...

Medicaid Asset Protection Trusts When you create an irrevocable trust, you transfer ownership of your assets to a trustee, ...

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 ...

(Some state Medicaid programs also cover home care, but the eligibility rules vary and some programs are more robust than others.) The assets in the irrevocable trust may already be protected from ...

Irrevocable trusts can shelter income and assets, so these limits are not exceeded. The trustee of these “Medicaid trusts” can never be the creator. Just like estate tax savings trusts ...

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.

In New York, there has been a strong shift to trusts in recent years due to the drawbacks stated above. A trust, like a will, ...