Considerations for Estate Planning and your Divorce

You may want to consider the Trusts available to protect your assets from Medicaid, while still supporting the best interests of yourdisabled spouse and/or child.

The Discretionary Spray Trust and the Special Needs Trust are two options to save your spouse or your child from having to “spend-down” to meet the available asset guidelines imposed by Medicaid. Essentially, they provide the option to have funds placed in a trust with an appointed Trustee having the discretion to pay for non-support items or the Trustee may have sole, absolute & uncontrolled discretion spending. The choice depends on which trust is best for your needs. This is a serious option to consider in preventing the loss of hard-earned assets.

If this sounds like something beneficial for your divorce situation, make sure to use Attorneys that are knowledgeable and experienced to help with your Estate Planning and Divorce. – Mariani Reck Lane LLC, LLC.