Can I protect my home from long term care costs?

By placing your home in an irrevocable family asset protection trust, you can protect your home from excessive long term care costs.

By putting your home into this specific type of trust 5 years prior to needing actual care, your home will not be a countable asset for LTC benefits eligibility and it will protects your home from estate recovery.

If drafted property, you can generally maintain most tax advantages of your primary residence and keep the inheritance step-up in basis for your heirs.

The trust can be very flexible allowing you to change your choice of trustees and beneficiaries.

This is a very detailed area of law and requires precise, professional legal advice. Our firm will be glad to offer a free consultation to see if our family asset protection trust is right for you, please give us a call at 910-473-5377 or send us a message through the website.