Where are the Family Trust assets kept?
They can be kept in the same form and in the same place as when they were in your name, only the title on the account changes. They may be maintained as bank accounts, stocks, bonds, securities, real estate, etc. They earn the same interest or pay the same dividends as before. You can continue your relationship with your same financial planner.
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.