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Is a Medicaid Asset Protection Trust Portable if We Move to a Different State?
Q:
If we get a Medicaid asset protection trust in one state, what would happen if we moved to a different state? Is this kind of trust portable from one state to another?
A:
The trust should be portable, but you can’t be absolutely sure because each state evaluates trusts using its own criteria. If you know where you might move, you should consult with an attorney from that state before signing the trust. If you’re not sure, have the trust reviewed when you move to the new state. To find an attorney to help you with the trust, go here: http://www.elderlawanswers.com/elder-law-attorneys.
For more information about Medicaid and trusts, click here.
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Article Last Modified: 06/08/2016comments powered by Disqus
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