We frequently prepare special needs trusts for clients in Pennsylvania. The special needs trust is most frequently used by parents who want to leave assets to a disabled or special needs child, but want the child to continue to receive Medicaid, Social Security and any other government […]
Read more →Archive for the Irrevocable Trusts Category
We use Irrevocable Medicaid Asset Protection Trusts extensively when working with clients to protect their assets from long term nursing home spending. In handling Nursing Home Asset Protection Planning, we confront client concerns about loss of control. In order to soothe the fears of lost control, clients […]
Read more →Many clients choose to transfer their home into a Medicaid Asset Protection Trust to gain protection from nursing home care spending. What clients often do not realize is that there is significant tax planning that accompanies the Elder Law planning. The proper Elder Law plan will consider […]
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