Medicaid Asset Protection Trusts

This segment originally aired on the Catholic Faith Network's show CFN Live.
Vincent J. Russo is the Legal Correspondent on CFN Live. He keeps you up-to-date on 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 appearance, Vincent J. Russo discusses the benefits of a Medicaid Asset Protection Trust, how it can protect assets, and how it can help you avoid Medicaid estate recovery.
For more information on these topics and more, you can download for free our Planning Guides from our law firm website at www.vjrussolaw.com

[@PeterJames143]

wait if you get a step up in basis for the house doesn't that mean property taxes will adjust?

[@FG-hw5ep]

Can rental property be put into a medicaid asset protection trust?

[@JudgeCommitee-ck5wq]

Has this worked for anyone since 1992 when we first heard about them?

[@PeterJames143]

idk but I am aware trusts and estates attorneys still use them. Not sure which way that cuts. Sometimes people do things that don't work, sometimes people don't do things that absolutely work.

[@JudgeCommitee-ck5wq]

We have been taking care of our parents at home for centuries without scamming the Tax Payers. And only needed nursing home care for extreme circumstances. So our family doesn’t think this works and will hire Fiduciary Security Allied Legal Professionals who use the forgery proof permission validation ledger inheritance administrations. So no one can use a DIY legal document to steal our property and put us on the street.

[@JudgeCommitee-ck5wq]

@@PeterJames143Thanks for replying Trust Attorneys still use the Estate Plan even though the Inheritance Administration Fiduciary Security Allied Legal Professionals interdict DIY document thieves. Who used to steal our homes with the Estate Plan Non-Interdicted documents and put us on the street with Archaic EP DIY documents.

[@JudgeCommitee-ck5wq]

@@PeterJames143thanks for replying they still use the Estate Plan instead of an inheritance administration even though DIY documents are stealing Estate Plans and homes and putting vulnerable seniors and special needs children on the street. So we’re still wondering if it’s ever been successful. We’re noticing most families are able to pay a sibling to keep both home fronts going when they put their lives on hold to care for mom and pops in either of their homes. With a rare need for a short stay at a nursing home.