What Is A Medicaid Asset Protection Trust | Miller Estate and Elder Law
One of the questions I get most often as an estate-planning attorney is “What is a Medicaid asset protection trust?” Medicaid asset protection trust is an irrevocable trust, that is designed to hold assets so that, they become exempt trusts. You get the benefits of having your children manage these assets without risking the assets to their creditors and predators. And you also protect those assets from long-term care costs. If you give your assets directly to your kids, you lose control and could lose them to your kid's creditors. Hi, my name is Bill Miller, and I am an elder law attorney and estate planning lawyer in Alabama. I have offices in Anniston and Birmingham, and I advise clients in all areas of estate planning and elder law, including how to best ensure that my client's children—or other trusted agents—have access to their money, should they need it to pay medical bills, or for other reasons. GET OUR FREE REPORT To learn more, get a free copy of my report “The Five Biggest Mistakes People Make When Filing a Medicaid Application for a Loved One in the Nursing Home” at https://millerestateandelderlaw.com/5... ABOUT BILL Bill Miller is an estate planning and elder care law attorney with offices in Anniston and Birmingham, Alabama. We help families put plans in place so that everyone knows their wishes if something happens to them and to help them protect their life savings from the devastating costs of long-term care. VISIT OUR WEBSITE To learn more, 🖥️ visit https://tinyurl.com/yc4vw2pw or, 📲 call us at 256 472-2172 📧 Email: [email protected] CONNECT WITH US ON SOCIAL MEDIA Facebook: / millerestate Twitter: / attybillmiller LinkedIn: / bill-mill KEYWORDS What Is A Medicaid Asset Protection Trust Elder Law Estate Planning Miller Estate And ElderLaw Bill Miller special needs trust advantages special needs attorney trusts and estate planning elder law attorney first-party special needs trust third-party special needs trust estate plan special needs trust medicaid disability planning elder law lawyer trust law special needs trust special needs planning special needs children what is a special needs trust 👇 SUBSCRIBE TO MILLER ESTATE & ELDER LAW NOW 👇 https://tinyurl.com/4dbknzua • Should I Put My Kid's Names on my Bank Acc... #WhatIsAMedicaidAssetProtectionTrust #ElderLaw #EstatePlanning #MillerEstateAndElderLaw #BillMiller
