The Listen to Lawrence Letter: Debts and Trusts

September 24, 2024
September 10, 2024 • Volume 5 Issue 277
Debts and trusts…read on:

CLIENT QUESTION:

Is my mother’s house in a Medicaid irrevocable trust exempt from creditors while in a nursing home and after death?

MY RESPONSE:

The answer is yes, provided the debts were incurred after the establishment and funding of the trust.

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