Living Trusts- Legal Planning for Seniors

  • How to Set Up a Miller Trust for Medicaid Eligibility

    A senior’s income and assets must fall below certain limits to qualify for long-term care Medicaid. “Income cap” states allow applicants to use a Miller Trust to help them meet income eligibility guidelines.

    2 Comments
  • Weighing the Pros and Cons of a Living Trust

    A living trust is a popular financial tool that can be used for Medicaid planning, estate planning and tax planning purposes. However, a trust may not be the best the best approach, depending on a person’s long-term goals and unique financial situation.

    5 Comments
  • 4 Key Things to Know about Trusts and Medicaid Planning

    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.

    7 Comments
  • Legal Competency: When Is It Too Late to Create a Will, Trust or POA?

    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.

    33 Comments
  • Top 5 Strategies for Protecting Your Money From Medicaid

    Many seniors must apply for Medicaid to afford long-term care. Here are strategies families can use to protect some of their assets while still qualifying for financial assistance with nursing home costs.

    23 Comments
  • Medicaid Estate Recovery: Long-Term Care Benefits Aren’t Necessarily ‘Free’

    The goal of the Medicaid estate recovery program (MERP) is to recoup all the money that Medicaid spent on a senior’s care. Learn how MERP works and what families can do to minimize the impact of the recovery process.

    92 Comments
  • Understanding Which Assets Must Go Through Probate

    Probate is the court-supervised process of inventorying all a decedent’s assets and distributing them to creditors and inheritors. However, not all property is subject to disposition by a will or the probate process.

    12 Comments
  • Removing a Trustee: Trust Law May Tip Final Shot in Sterling Case

    Donald Sterling's legal battle really began when he and his wife Shelly became co-trustees of the family trust. By signing that document, the couple agreed on two clauses that became keys to the case.

    0 Comments
  • Beneficiaries Should Exercise Caution When Allocating Trust Funds

    Special Needs Trust Funds can help safeguard disabled individuals against becoming impoverished. However, the use of these funds must comply with government agencies' income guidelines.

    2 Comments
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