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Shur Law

Effective and Affordable Representation

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Direct: 513-448-4099

Fax: 513-672-2411

Email: [email protected]

Assistant: Tiffany Wendt

TRUSTS

 

We provide Trusts for the whole family. A trust is a legal agreement in which an individual sets aside a certain amount of money for a specific purpose or person.

Medicaid Trusts and Planning Assistance

We start with a free consultation where we discuss the health status and financial resources of the individual applying, or will someday apply, for Medicaid. Then, we create an individualized plan and explain the 60-month look-back period. Lastly, we help clients structure their financial resources and prepare documentation to best navigate Medicaid.

Funeral Trusts

The purpose of this trust is for funeral and burial costs. The money set aside is no longer considered to belong to the Trustmaker. Meaning, it can be used to help one qualify for Medicaid.

Special Needs Trusts

These trusts are established to help a family member or individual who is mentally or physically disabled. Special needs trusts are frequently used for disabled children. They are designed to supplement, not supersede, public benefits. Therefore, the trust will not be considered a countable asset for Medicaid or eligibility purposes.

Irrevocable Trusts

With an irrevocable trust, the grantor cannot change or revoke the trust as opposed to a revocable trust that can be changed. As such, irrevocable trusts are used in anticipation of Medicaid planning.

Revocable Trusts

With a revocable trust, the grantor can change or revoke the trust. This is the most common form of trust because it has mechanisms designed to completely avoid the expense and time the probate process cause. As such, revokable trusts are the most popular trust.

Pet Trusts

These trusts ensure the care of an animal or animals after the death of the pet owner. The trust terminates upon the death of the animal, or upon the death of the last surviving animal covered by the trust.

 

 

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