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

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

   A revocable trust doesn’t protect assets from a nursing home because it gives the grantor ownership of the assets. Instead, an irrevocable trust (specifically in the form of a MAPT) can protect ...

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

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

   A trust is a legal entity many people create as part of an estate plan.The trust acts as a container for assets transferred into it by the grantor.A trustee is appointed to manage the assets in ...

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

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

   If a trust of this nature is established, and assets are transferred into it five years before your loved one applies for Medicaid's long-term care benefits, those assets will not impact their ...

5. Asset-protection trust - Wikipedia

   en.wikipedia.org/wiki/Asset-protection_trust

   In trust law, an asset-protection trust is any form of trust which provides for funds to be held on a discretionary basis. Such trusts are set up in an attempt to avoid or mitigate the effects of taxation, divorce and bankruptcy on the beneficiary. Such trusts are therefore frequently proscribed or limited in their effects by governments and ...

6. Can a Nursing Home Take Our Savings? We Have a $500k in a ...

   www.aol.com/nursing-home-assets-500k-ira...

   The post Can a Nursing Home Take Our Assets? We Have a $500k IRA and a Trust to Protect Us appeared first on SmartReads by SmartAsset. ... The typical vehicle for this is a form of irrevocable ...

7. Supplemental needs trust - Wikipedia

   en.wikipedia.org/wiki/Supplemental_needs_trust

   Supplemental needs trust is a US-specific term for a type of special needs trust (an internationally recognized term). [1] Supplemental needs trusts are compliant with provisions of US state and federal law and are designed to provide benefits to, and protect the assets of, individuals with physical, psychiatric, or intellectual disabilities, and still allow such persons to be qualified for ...

8. Ask an Advisor: Will Our $100K IRA Be Safe from a Nursing ...

   www.aol.com/finance/ask-advisor-nursing-home-ira...

   My wife and I are elderly. I have an individual retirement account (IRA) worth about $100,000, and we have a trust set up through our children to protect our assets. If one or both of us have to ...

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

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

   For married couples, the at-home spouse who will not receive nursing care often can keep up to $148,620 in assets in 2023. If you need help planning for these potential expenses in the future ...