Co-authored by Joanna C. Feldman This question was recently asked at an event we hosted during which we discussed strategies to leave a legacy after death. A Medicaid Trust is an irrevocable trust used to protect assets should one need nursing home care and seek Medicaid to help cover the cost. Because assets in a Medicaid…
The nomenclature used to title accounts can be daunting and quite frankly downright confusing. After creating trusts for our clients, we review our client’s financial accounts and advise them as to which accounts need to be transferred to the trust. It is a common misconception that accounts “in trust for” another individual are in a…
For many families, a good portion of their wealth exists through the equity in their home. The home may also be the most sentimental asset as it carries many memories and emotional ties. We often counsel clients on different planning techniques to protect the home where Medicaid is contemplated to pay for nursing home or…
