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The Listen to Lawrence Letter: After the Sale…

May 10, 2024
May 7, 2024 • Volume 5 Issue 241
After the sale…read on:

CLIENT QUESTION:

I created an irrevocable Medicaid trust with your firm years ago, funding it with my condo. Recently the trust sold the condo and now the trust has the money.  I would like to earn some interest from that money. Can I put it into a CD under the trust?

MY RESPONSE:

YES! The trustee can invest the money in anything that seems appropriate, from CDs to mutual funds to another home (and the list goes on).
I hope this helps! Please forward this information to your friends and relatives to share these informative answers to some very commonly asked questions.

And, if anyone you know would like to

receive this Listen to Lawrence Letter just

tell them to send their email address to info@davidowlaw.com and I’ll add them to the list!

As always, please send your questions in! If you are thinking about it, others are probably too, so my answers will no doubt help you and many others.

Let’s stay connected. Stay safe!

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