This site answers quite a few questions... http://www.nsnn.com/frequently.htm
...it appears both arguments are right...or wrong (depending on the
situation).
I think assets that belong to the Special Needs person (such as a legal
settlement in an auto accident) that are put into the trust h
Very true,
irrevocable special needs trust is the way to gowill cost around 2000
to set one up thoughwell worth it
ron c7
--- On Mon, 11/9/09, Dan wrote:
From: Dan
Subject: Re: [QUAD-L] Trusts
To: "LJT" , quad-list@eskimo.com
Date: Monday, November 9, 2009, 7:24 PM
With a
With an irrevocable trust the money will not go
to the state unless you want it to. An
irrevocable trust is like having a rich uncle.
This type of trust has its' own ID number and
someone is appointed as a trustee. Whatever is in
the trust is invisible to the state. The reason
being, you do n
Dan,
That's what I have. It's an irrevocable trust that was set up by an attorney
that's been in the business for 25 plus years (old family friend). I still
don't understand how that can keep any of this from going back to the state
once I start pushing up daisies instead of being able to leav
this is what i have. i like that i have a set of rules that my money can go
towards that needs to be approved by my Trustee. upon my death the $ gets
distributed among my kids.
Eric W Rudd
c5sc...@gmail.com
- Original Message -
From: Dan
To: LJT ; quad-list@eskimo.com
Sen
yes, it's called an irrevocable trust!
Dan
At 06:51 PM 11/9/2009, LJT said something that elicited my response:
Greg,
I have a trust, and it's set up the same way.
Anything left in the trust goes back to the
state upon my demise. I can't even leave
anything to my son. And there is no way
Greg,
I have a trust, and it's set up the same way. Anything left in the trust goes
back to the state upon my demise. I can't even leave anything to my son. And
there is no way around this situation as far as I have been able to tell.
The $2000 in the bank account though, in my state, doesn't ha
Yes, I have done this. It is called an 'Irrevocable Special Needs
Trust'. In order for it to be done right, you have to go to an elder
law attorney. And make sure they have done this type of trust before.
Depending on which state you live in, you do have to wait 3 to 5
years before whatever is
There is a state program for Long Term Care in AZ, but you assets can only
be $2,000. It can help pay for attendabts. I thought of putting everything
in a Trust and applying. Except it says a Trust is ok, but you need to set
it up so the state gets everything in the Trust when you die. No Way. I
re
Pain pumps can be very effective when using the proper meds and the person
is trained in its operation. During the first few weeks its trial and
error and keep in contact with your doctor if you have any adverse affects.
Best Wishes
In a message dated 11/8/2009 9:00:54 P.M. Central Stan
I'm considering one as well, just curious, what medication are you planning
on putting in the pump first?
On Sun, Nov 8, 2009 at 8:00 PM, David wrote:
> I'm only 52 and after at least 9 back surgeries, a scare that runs from my
> hairline to my tail bone and a set of rods from my waistline to my
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