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The latter is important for protecting assets from nursing home expenses subject to the five-year look-back period. Primary features of the Irrevocable Medicaid asset protection Trust are that neither the grantor nor the grantor's spouse may be the trustee and that these trusts are income-only trusts. Most people choose one or more of their adult children to act as trustees of the irrevocable trust. Since principal is not available to the grantor, the client will not want to put all of their assets into such a trust.

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  • Irrevocable Medicaid Asset Protection Trust
    Irrevocable Medicaid Asset Protection Trust Properly forming an Irrevocable Medicaid asset protection Trust can assist you with qualifying for nursing home eligibility and other forms of long term care. Elder law asset protection is NOT simple. It cannot be done on your own, nor should it be entrusted to a general practice attorney. We have designed a simplified process which will ensure you qualify for Medicaid, enjoy the benefits of your assets and aren’t forced to give things away BEFORE you want to. Check this link right here http://www.irrevocablemedicaidtrust.com/ for more information on Irrevocable Medicaid asset protection Trust. Follow Us : https://medicaidestateplanning.wordpress.com http://www.mobypicture.com/user/estaterecovery https://vid.me/assetprotection https://www.flipsnack.com/medicaidestaterecovery/
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