Trusts & Estates

The Medicaid Asset Protection Trust is the cornerstone of an elder law practice. It’s an irrevocable trust and it can be drafted in a number of ways to take advantage of tax benefits. It can be drafted in a way where all income from trust assets are taxed to the grantor. You can also draft it to protect a step-up in basis at the death of the grantor for assets that are placed inside this trust.

Finally, a Medicaid Asset Protection Trust protects assets for the beneficiaries who ultimately receive those assets upon the grantor’s death. This is like an enhanced type of estate planning but is geared toward our senior population and their loved ones.

Complete the form and receive the first page of each article of a Medicaid Asset Protection Trust created in Elder Docx.

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Elder Docx has an expansive catalog of documents in elder law, Veterans pension planning, and special needs planning. Contact us today to learn more and see Elder Docx in action.