Living Trusts- Legal Planning for Seniors
Living Trusts Articles
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 CommentsWeighing 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 Comments4 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 CommentsLegal 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
Living Trusts Questions
If both parents need to go into nursing and are both on Medicaid, the house is in a trust, how is the house maintained financially?
5 AnswersKdawn68 Replied Nov 17, 2024Want to resign as trustee.
5 AnswersAnonymousSister Answered Aug 14, 2024After I am gone and the trust money runs out, what will happen to my husband?
3 AnswersAlvaDeer Answered Aug 10, 2024My dad is in a nursing home. I took care of him for two years. We did a living trust and added my name to the deed to his house.
4 Answersigloo572 Answered Jul 17, 2024
Living Trusts Discussions
Can a sibling create a Living Trust when my mom has been diagnosed with dementia altering the TOD that was in place for years?
9 CommentsGardenArtist Commented Jun 2022I’m concerned with the elderly!
3 CommentsNeedHelpWithMom Commented Jan 2020What is the legality of renting out mother-in-law's home?
10 CommentsBlackHole Commented Sep 2017
Living Trusts Related Topics
- Elder Law
- Power of Attorney (POA)
- Alzheimer's & Dementia
- Forms & Documents
- Durable POA
- Care Decisions
- Elder Abuse
- End of Life
- Cognitive Decline
- Guardianship
- Memory Loss
- Burnout
- New to Caregiving
- Health Care Directives
- Loss of Appetite
- Long-distance Caregiving
- Mild Dementia
- Signs of Dementia
- Caregiving
- Dementia Behaviors