Georgia Firearm Forums - Georgia Packing banner

Trust cost for Elder care

305 Views 1 Reply 2 Participants Last post by  gunsmoker
What does it cost for a irrevocable trust for a House for elder care purposes?

Any pitfalls to doing this ?
1 - 2 of 2 Posts

I'd ask a financial planner and /or an "elder law" attorney.
I know Medicaid may still consider assets you put in an irrevocable trust to be yours, if you did that within 5 years of applying for Medicaid assistance, if other circumstances are met.
You need real professional advice here.

I'm guessing that if a Trust (with or without a will) is the answer, the cost is probably going to be a couple thousand dollars for a lawyer to draw that up.
1 - 2 of 2 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.