Don't Apply for Medicaid on Your Own!
About this episode
Todd Lutsky and Susan Powers discuss the role of trusts in asset protection and Medicaid planning.
Trusts can play a major role in protecting assets, avoiding probate, and reducing estate taxes, but the details of how they are drafted and funded can determine whether the plan works. Todd Lutsky and Susan Powers discuss how homestead protection applies when a home is owned by a trust, why avoiding probate can also help protect assets from creditor claims, and how irrevocable Medicaid trusts may help families protect assets from long-term care costs while maintaining important flexibility.
More episodes of The Legal Exchange
- How Trusts Can Protect Your Home and Reduce Estate Taxes
- Real Estate Can Complicate Even the Best Estate Plan
- Estate Planning Procrastination Can Cost Your Family
- The Trust Decisions That Can Make or Break an Estate Plan
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