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.
Timothy P. Murphy is an estate planning and elder law attorney whose practice emphasizes helping people to build, preserve and pass on their wealth. He works with his clients to accomplish their goals while avoiding unnecessary court proceedings and minimizing or eliminating exposure to death taxes.
Latest posts by Timothy P. Murphy (see all)
- Let’s Talk about Trusts…and Taxation - May 17, 2022
- What Estate of Marion Levine Means for Life Insurance - May 15, 2022
- Is It Too Late for Medi-Cal Planning? - May 13, 2022
