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Ellen
Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
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I have resided in FL for the past 7 years. I am thinking about

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I have resided in FL for the past 7 years. I am thinking about updating my Trust/Will since the original one was prepared in New York. If I make this change, will my new/revised Trust and Will in Florida be protected via Medicaid Shield in the event my wife or I are placed in an ederly home five years from the effective date of this change?
Welcome Back Art Carlo,

Yes -- provided you do not make withdrawals from the trust but merely change the situs of the trust from New York to Florida. Typically you would wait until your bankruptcy is completed before making any changes
Customer: replied 6 years ago.

Does it matter if the Family Trust is revocable or irrevocable?

Only an irrevocable trust would shield assets enabling you to obtain Medicaid
Ellen and 2 other Bankruptcy Law Specialists are ready to help you