I purchased your rarely suggest book and it’s on a way. we have a two-part question. Will a following due actions jeopardise a Medicaid item insurance facilities of an incorrigible grantor trust nonetheless to be set adult or means other Medicaid gift problems?
Transfer a home in MA, a vacation cottage, and money supports into an irrevocable, income-only grantor trust. 1.) Use a money in a trust to compensate mortgage, genuine estate taxes, and home improvements. 2.) Use deduction from a sale of lodge in 5-6 years for genuine estate taxes or presumably puncture gifts to beneficiaries (adult children). The trust will have small or no income other than a medium collateral benefit on sale of cottage. Your comments would be appreciated. BBB
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