Title 19 and the Medicaid Trust

June 11, 2018 by Terry Campbell

There are many different types of trusts.  In the 90s, we prepared many trusts to avoid estate taxes (not an issue with most folks today).  In many cases, trusts are prepared to enable individuals to avoid probate, protect the needs of minor children or protect beneficiaries who may have disabilities or substance abuse problems.

A Medicaid trust is implemented to protect and preserve assets from the costs of long-term care.

A properly drafted Medicaid trust can protect and preserve your primary residence, your vacation property, life insurance or other investment assets.  Ideally, this trust is put into place five years prior to any need for Title 19 benefits.  In the right circumstances, this trust may be the most powerful planning tool.

Plan Before The Crisis
Moertl, Wilkins & Campbell, S.C.
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Attorney Terry L. Campbell