Practice Areas
- Medicaid
- Living Trusts
- Estate Administration and Probate
- Asset Protection
- Veterans Benefits
- Special Needs Trust
News
- $6.4 million fine for companies guilty of scamming seniors with pricey legal plans...
Posted on 10/22/2009 - Preparing a living trust for your children? Don’t forget to name a guardian...
Posted on 9/30/2009 - An unusual type of trust is becoming popular...
Posted on 8/31/2009 - Can you make your trust a beneficiary of your IRA?...
Posted on 8/31/2009 - Financial elder abuse cases on the rise as economy continues to struggle...
Posted on 7/29/2009
Library
Living Trusts
- What is the difference between a will and a trust?
- Lessons On Probate and the Benefit of a Trust From Michael Jackson's Estate Distribution
- Myths about Revocable Living Trusts, Lawyers and Estate Planning. You want the best Elder Law Attorney and Estate Planning Attorney on your side. Call us for a FREE consultation at (800) 879 0984
- Is your living trust complete?
- Living Trust Overview
Frequently Asked Questions
Q: Will a living trust make me ineligible for Medicaid?
A: Setting up a living trust can be a great idea, but you must proceed with caution to make sure you don’t compromise your ability to receive Medicaid benefits. For example, you can become ineligible for Medicaid if you create a trust that names you or your spouse as a beneficiary.
The problem with naming you or your spouse as a beneficiary is that the government will assume that the assets in your trust are available to pay for your nursing home care if the trust was created within 5 years of when you apply for Medicaid.
If you want to set up a living trust but still want to be eligible for Medicaid, give us a call to discuss how we can help. It is a good idea to speak with an attorney because the laws surrounding Medicaid eligibility are complicated and change frequently.
Elder Law Offices of Shields and Boris
109 VIP Drive
Suite 102
Wexford, PA 15090
Phone: (724) 934-5044
Toll Free: (800) 879-0984
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