Does Adding New Money To A Castle Trust Reset The Medicaid 5-year Lookback?

Does Adding New Money To A Castle Trust Reset The Medicaid 5-year Lookback?
In this video, we explore a common question about Castle Trusts and Medicaid planning: If you add new money to an existing Castle Trust, does the new chunk of money start its own 5-year lookback timer? Understanding how these rules work is crucial for effective estate planning and protecting your assets. We'll break down the specifics of how the lookback period is applied, what it means for your financial strategy, and provide expert insights to help you navigate this complex area. Don't miss this essential guide to maximizing your trust's benefits while complying with Medicaid regulations.
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Certified Elder Law Attorney™ and Certified Financial Planner™
Castle Wealth Group - Helping Good Families Plan, Protect and Preserve What is Important
(844)-885-4200 | CastleWealthGroup.com | MichiganEstatePlanning.com
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Advisory services are offered through Castle Wealth Group Investments, an Investment Advisor in Michigan. Insurance products and services are offered through Castle Wealth Group, an affiliated company. All content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Nor is it intended to be a projection of current or future performance or an indication of future results. Purchases are subject to suitability. This requires a review of an investor’s objective, risk tolerance, and time horizons. Investing always involves risk and possible loss of capital. Insurance products and services are offered through Castle Wealth Group, an affiliated company.
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