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2. Can an Irrevocable Trust Help You Protect Your Wealth from ...

   www.aol.com/guard-assets-nursing-homes-using...

   An irrevocable trust is not the only tool available to help with nursing home costs. Here are some of the alternatives: Long-term care insurance can cover some or all nursing home costs without ...

3. Medical Costs in Retirement: Can a Nursing Home Take Our ...

   www.aol.com/finance/nursing-home-savings-250k...

   Besides special trusts, options like long-term care insurance, home equity lines of credit, Medicaid annuities and gifts to family can also help reduce countable assets and/or pay for long-term ...

4. Will My Home Be Safe From Medicaid in a Trust? - AOL

   www.aol.com/finance/does-putting-home-trust...

   In 2021, the median cost of a private room in a nursing home was $9,034 per month, according to Genworth. However, long-term care insurance can help you cover those costs. However, long-term care ...

5. How Can I Shield My Assets from Assisted Living Expenses? - AOL

   www.aol.com/revocable-trust-protect-assets...

   Many retirees go to nursing homes as their needs increase, creating a dilemma for protecting their wealth. A revocable trust places your wealth in a tax-protected vehicle you can control until you ...

6. 5 Taxes You Might Owe If You Have a Trust - AOL

   www.aol.com/5-taxes-might-owe-trust-145448249.html

   Dealing with trusts and their tax implications can seem like a labyrinth of legal terms and financial jargon. Trust distributions might be taxable, with the tax liability potentially varying based ...

7. Grantor retained annuity trust - Wikipedia

   en.wikipedia.org/wiki/Grantor_retained_annuity_trust

   A grantor transfers property into an irrevocable trust in exchange for the right to receive fixed payments at least annually, based on original fair market value of the property transferred. [2] At the end of a specified time, any remaining value in the trust is passed on to a beneficiary of the trust as a gift. Beneficiaries are generally ...

8. My 74-year-old husband will likely go into a nursing home ...

   www.aol.com/finance/74-old-husband-likely...

   A loved one of yours may reach the point where they need long-term care, whether in the form of a home health aide, an assisted living facility, or a nursing home, and it's essential to plan and ...

9. Are Nursing Home Expenses Tax-Deductible? - AOL

   www.aol.com/finance/nursing-home-expenses-really...

   You may be able to deduct costs for a nursing home from your taxes under certain circumstances. The expenses have to be for you, your spouse or a dependent. If this person is in a nursing home ...