Elder Law Answers
Will Medicaid Count Wife's Assets If We Live Separately?
My father-in-law recently moved into our home after his wife's daughter would no longer look after him. He is 81 and has b...
Read moreIs Medicaid Asset Protection Trust Valid If We Move?
- May 23rd, 2024
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. Find an attorney to help you with the trust.
For more information about Medicaid and trusts, read this article.