Medicaid Long-Term Care BenefitsSeniors and their families are greatly affected by the cost of long-term care. Our Elder Law firm will guide you in finding, keeping, and paying for Long-Term Care. The demands of caring for a loved one in need of Long-Term Care can be overwhelming. We can assist you to navigate through the challenges you face and to ensure that your loved one is receiving quality care while preserving assets.
REVOCABLE LIVING TRUSTS CAN HURT!
If you listen to financial guru, Suze Orman, or other proponents of Revocable Living Trusts, you probably think you must have a Revocable Living Trust. Maybe in California, but not here in Washington!
In fact, using a Revocable Living Trust can be extremely detrimental, especially where long-term care is concerned. In Washington the only way spouses can protect assets from Medicaid for the benefit of the surviving spouse is through a Will that contains a Supplemental Needs Trust. The Supplemental Needs Trust is a testamentary trust, not a living trust. When it comes to long-term care planning, spouses using a Revocable Living Trust lose the most useful asset protection tool available!
Protect yourself and your assets. Long-term care planning and Medicaid Asset Preservation Strategies are our focus at Lynn St. Louis Law Office. Contact us at firstname.lastname@example.org or 509.468.0551.
Preparing a Will. Is it a high priority for you?Lynn St. Louis was recently interviewed for a Spokane Business Journal article regarding the priority most people place, or do not place, on creating an effective estate plan. Spokane follows the national trend in this regard. Lynn's remarks are summarized below. For the full article, please see the December 5, 2013 issue of the Spokane Business Journal.