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Search Results: "Inheritance Protection"
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The couple is concerned about protecting Sean's welfare when they can no longer care for him and when they die. Because the couple doesn't have relatives who would be willing to look after their mentally disabled son, they need to ...
Inheritance Trust: A stand-alone, revocable trust which is created to hold a beneficiary's share of their inheritance, offering them protection from creditors, lawsuits and divorces.
Parents or grandparents of a special needs child or adult child should leave inherited assets in a special needs trust, to avoid disqualification from receiving government benefits, such as SSI and Medicaid.
They may not wish to distribute principal to her, feeling that the funds are coming out of their inheritance. She may find out that they do not care for her personally, even though this was not apparent when their father ...
First, we want to make certain the person's wishes regarding who is to inherit from them are up-to-date. A review of their current estate plan, be it a will or a trust is a must.
The two main vehicles for asset protection planning -- in the event you may need long-term care services – are long-term care insurance and the Medicaid Asset Protection Trust (MAPT). Long-term care insurance is nice if you can get it, ...
Since 1993 it has been public policy in New York State to allow parents (or other relatives) of a disabled child to set up a trust for their inheritance which will not disqualify them from government benefits, such as Social ...
They may now or later need a Medicaid Asset Protection Trust (MAPT) to protect their estates from being depleted in the event a nursing home is required.
The theory here is that the child can get the 20% and spend it all, but they have to wait five years before they get one-half of what’s left and then, finally, ten years later, when they have hopefully made ...
If you choose one of the deceased spouse’s children to act as co-trustee with the surviving spouse there is a conflict that exists whereby the stepchild may be reluctant to spend assets for the surviving spouse, because whatever is spent ...
