Irrevocable trusts cannot be changed. They are permanent trusts. Asset Protection: When you place your assets in irrevocable trust, you remove ownership and control of those assets from the creator of the trust. These types of trusts are used for Medicaid planning purposes. It should be noted that there is a five year look-back period for … [Read more...]
Nursing Home Expenses & Medicaid
America has a healthcare crisis. President Obama is now battling with Congress to deal with long term issues involving healthcare. An area of healthcare that is very often overlooked deals with what happens to Americans when they can't care for themselves. The best way to maintain a senior is to keep them in their home under circumstances that … [Read more...]