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21 Tarpaulin Way Wareham, MA 02571 Phone: (508) 291-7000 |
Estate Trust |
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bdk Services |
Planning ahead is important! This trust is for people who are in good health and have at least 60 months to plan for possible nursing home or assisted living care. The Trust must be effective for 60 months to be Medicaid exempt. You can place $5,000, $10,000, or up to $50,000 to protect your funds against the cost of nursing home care. |
An Estate Trust can shelter your funds and make them exempt from Medicaid spend down. |
An Estate Trust is an irrevocable trust that holds and protects money for your beneficiaries. Upon your death, these funds pass to your family and at the same time avoid probate. The average annual cost of a nursing home is $69,000 for a semi private room. These costs could jeopardize your retirement and possibly could wipe out any inheritance you planned to leave to your family. |
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