Stuff in the ‘irrevocable trust’ Category
Using Estate Planning to Prepare for Medicaid
Long-term care involves not only a loss of personal autonomy; it also comes at a tremendous financial price. Proper planning can help your family prepare for the financial toll and protect assets for future generations. Long-term care can be very expensive, especially around-the-clock nursing home care. Most people end up paying for nursing home care […]READ POST »
Receiving an Inheritance While on Medicaid
For most people, receiving an inheritance is something good, but for a nursing home resident on Medicaid, or those who rely on Medicaid as their primary form of insurance, an inheritance may not be such welcome news. Medicaid has strict income and resource limits, so an inheritance can make a Medicaid recipient ineligible for Medicaid. […]READ POST »
Understanding the Differences Between a Revocable and an Irrevocable Trust
by Christine A. Alsop, The Elder & Disability Advocacy Firm of Christine A. Alsop, LLC As people age, they become interested in protecting their family when the inevitability of death occurs. The use of Trust is a wonderful way to help protect family members when you are no longer living. But there are many different […]READ POST »
