The Listen to Lawrence Letter: Trust Withdrawals

March 28, 2025
March 18, 2025 • Volume 6 Issue 330
Trust withdrawals…..read on:

CLIENT QUESTION:

You created an irrevocable Medicaid trust for me seven (7) years ago. My son is the lone trustee. I gave him written permission, if needed, for him to withdraw for himself up to $1,000 per month, without any stipulations. Is this permitted without invalidating the trust?

MY RESPONSE:

YES!

I hope this helps.

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