First Party Special Needs Trust and Medicaid

This segment is originally aired on the Catholic Faith Networks show CFN Live.
Vincent J. Russo is the Legal Correspondent on CFN Live. He keeps you abreast of the latest legal developments including elder law, special needs and estate planning - all to help you make informed planning decisions to protect yourself, your loved ones, and your assets.
In this episode, Vincent discusses "First Party Special Needs Trust and Medicaid"
Tune in to hear Vincent J. Russo in this four-part series on Trusts where he explains how various Trusts can protect assets while accessing Medicaid for seniors and people with disabilities.
Vincent will address in Part 3: First Party Special Needs Trust and Medicaid:
-Who would benefit from a Special Needs Trust?
-How does a Special Needs Trust work?
-How Medicaid and SSI can be maintained?
You do not want to miss this informative episode.
For more information on these topics and more, you can download for free our Planning Guides from our law firm website at vjrussolaw.com

[@kimkoons4535]

can you use a portion of the money to put a deposit for a place to live

[@jasongibson8436]

What if the person planning to put assets in a first party special needs trust is also married to another individual who is disabled? Should the money be split between two first party special needs trusts to prevent the total from being taken by Medicaid if one of the spouses dies?

[@Daves_Gone_Wild]

I'm a 36 year old stage 4 brain cancer survivor that was left blind and in a wheelchair at age 17 since than I've had over 100 procedures and just had my 21st surgery....So if I put money or assets in a special needs trust I can leave it to my nephews and be exempt from Medicaid recovery if I go on Medicaid?