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To: Salgak

Goodness. If you’ve paid someone to prepare a “living” (ie: intervivos revocable) trust for you thinking that it would protect your assets for Medicaid purposes, you’re in for a big disappointment.


21 posted on 11/13/2013 3:49:28 PM PST by Mr. Lucky
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To: Mr. Lucky

Don’t know if this is so, but I heard even if you have a living trust, if the husband or wife is headed to a nursing home, that spouse should do a quit claim on their grant deed, allowing the other spouse to protect the home from a lien when that spouse passes on for 1/2 the value of the home, or up to the medical expenses incurred.


59 posted on 11/13/2013 5:26:31 PM PST by kiltie65
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