Archive for the Irrevocable Trusts Category

Trust Protector Can Provide Client Comfort

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 […]

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Qualify For Medicaid Earlier By Using Irrevocable Trusts

You can qualify for Medicaid earlier if your transfer assets to an Medicaid Asset Protection Trust. By: Douglas L. Kaune, Esq. As most people know, there is a Medicaid disqualification period caused when gifts are made. This disqualification period must lapse before the person making the gift […]

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Medicaid Grantor Trust: Preserving The Primary Residence Exemption

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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