Medicaid Protection Trust (how to maximize legal benefits to obtain government benefits)

Our San Kiang Charitable Association, in cooperation with ILED LAW GROUP. P.C., is pleased to invite Attorney Yanfei Ran of ILED LAW GROUP. P.C. to give a free legal seminar on "Medicaid Protected Trusts" on Saturday, April 20, 2024, at 1:00 p.m., explaining how to maximize the legal benefits of obtaining government benefits.

U.S. citizens over the age of 65 who apply for Medicaids , whether they exceed the asset or income thresholds, can try to use reasonable expenses to offset the assets or income (Spend down) so that it falls below the thresholds. Instead of using reasonable expenses, Medicaid applicants over the age of 65 can also choose to join pooled trusts, where the amount placed in the trust becomes the income to be credited.

A Medicaid Trust is an established trust in which the assets of a person who intends to receive Medicaid benefits are capitalized. Since a Medicaid Trust is an Irrevocable Trust, the value of the assets in the trust is not considered to be the value of the white card applicant's assets, and the asset requirement for a white card can be met.

Ms. Ran Yanfei, a lawyer, used storytelling to make the difficult legal lectures easy to understand to our members and the community about how to legally qualify for Medicaid through a trust, as well as the advantages and disadvantages, so that those who attended the seminar benefited a lot, and one by one on-site to answer all the questions!