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A Medicaid Asset Protection Trust, sometimes referred to as an Irrevocable “Income Only” Trusts or Medicaid Trusts, and is used to protect an individual’s assets and allows an individual to possibly qualify for Medicaid long-term care. Assets transferred into a Medicaid Trust are managed by a trustee, a person or entity appointed by the Medicaid Trust’s […]

A life estate deed describes a transfer of title from a homeowner (sometimes referred to as a life tenant) to a second party wherein the homeowner retains the right to use of the property until the life tenant’s death.  During his or her lifetime, the life tenant may be responsible for all expenses related to […]