Revocable trust and nursing home

    • [DOC File]MEDICAID & ESTATE PLANNING STRATEGIES

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      May 03, 2006 · Revocable Living Trusts We receive lots of questions about Revocable Living Trusts. Most people have heard about them but very few actually understand what they are. A Revocable Living Trust is a legal document that includes instructions regarding …

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    • [DOCX File]An Operational Guide to the Use of Irrevocable Medicaid ...

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      The Court noted that the trust states that the limited power of appointment explicitly prohibits distributions to the applicant, her estate, her creditors, or creditors of her estate (i.e. a nursing home). Therefore, there would be no way or no circumstance in which the Donor or applicant could have used trust assets to pay the nursing home. See

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    • [DOC File]ELDER LAW - David Okrent Law

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      2. Nursing Home. Continuing with Married couples if only one is applying for Nursing home the applicant can have income and resources of an individual. The Spouse living in the community can keep $3,216 as to income a home, of any value, between $74,820 and $129,640 in assets, and certain retirement assets in pay status and a prepaid funeral. c.

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    • [DOC File]Living Trusts

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      A living trust can be revocable or irrevocable. A revocable living trust can be changed or cancelled at any time by the person who created it; an irrevocable living trust cannot be changed or cancelled. Because of its flexibility, the most popular type of living trust is the revocable one, and this is the type we will discuss in this memo.

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    • [DOCX File]STATE MEDICAID MANUAL 3257-3259 'Transmittal 64'

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      For example, a trust may require a trustee to terminate a trust and disburse the funds to the grantor if the grantor leaves a nursing facility and returns home. Such a trust is considered to be revocable.

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    • [DOC File]Fact Sheet

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      • Revocable living trust. Through the establishment of a revocable living trust the individual can appoint a trustee to manage his or her financial affairs and thus can avoid the need for an appointment of a conservator of the estate. A person must be competent to establish a living trust. • Durable Power of Attorney for Asset Management.

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