Medicaid is a state-federal partnership that provides medical benefit assistance to certain needy people, especially those over 65 years of age. It is known as Medi-Cal in California. However, you need to meet financial requirements such as asset limits to qualify. Assets in an irrevocable trust not for your benefit typically don’t count as available. Read the following blog by my friend and colleague Steve Hartnett, an estate planning expert, to learn more.
- Beneficiary Designations and the SECURE Act: Prior Designations - July 17, 2021
- Beneficiary Designations and the SECURE Act: Eligible Designated Beneficiaries - July 15, 2021
- Beneficiary Designations - July 13, 2021