Can I use the assets in my Family Trust?
The Family Trust is created to give you financial security. The Family Trust can be set up so that you may receive the income from the Trust. Principal may be used in a variety of ways including, but not limited to, taxes, insurance and capital improvements on real estate owned by the Trust.
Still Have More Questions?
Contact our experienced Upstate New York elder law attorneys to schedule a free initial consultation.
Our firm focuses our practice on estate planning and Medicaid planning. We are also very experienced in handling elder law, irrevocable trust , revocable trust, basic estate planning(Will, Power of Attorney, Health Care Proxy), Medicaid law , and children with disabilities / supplemental (special) needs trust matters.
The Koldin Law Center handles the entire Medicaid application process for the client with the goal of preserving and protecting some or all of the family life savings from the costs of Nursing Home care.