Living Trusts- Legal Planning for Seniors

Revocable trust; A legal document that identifies assets that are placed into a trust and remain under your control while living, then pass to a beneficiary upon death without going through probate.

Living Trusts Articles

  • Qualifying for Medicaid coverage is a complex process that involves making sure a senior’s income and assets fall below certain levels. “Income cap” states allow applicants to use a specific kind of trust to help them meet these eligibility guidelines.

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  • A living trust is a financial tools that can be used for Medicaid planning, estate planning and tax planning purposes. It is important to know how this tool works and make sure it is the best fit for your assets, personal situation and goals.

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  • There are many types of trusts that can help protect your assets from Medicaid. Here's a brief overview of the things you need to know when setting up a trust for Medicaid planning purposes.

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  • It is crucial to engage in proper legal planning with family members while they are still of sound mind. An elder law attorney outlines competency criteria that must be met in order to obtain valid legal documents before a crisis strikes.

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