What Can Medical Trust Be Used For?

by Mike Stensrud
(Lake Mills, Iowa)

What can the proceeds from a medical trust be used for?


1.Can the trustee buy a car to transport the beneficiary?

2.The beneficiary lives with the trustee, so can the trustee remodel a portion of the home to put a bathroom in the bene's bedroom?

3.Can the trustee buy a ranger, all terrain vehicle, for the beneficiary to drive around the trustee's farm?

Thank you,
Mike

Comments for What Can Medical Trust Be Used For?

Average Rating starstarstarstarstar

Click here to add your own comments

Apr 13, 2011
Rating
starstarstarstarstar 		Medical Trust Provisions
by: Mo Johnson

Hi Mike, excellent questions. Unfortunately I cannot answer them. There are unique and specific rules in each state that govern what a "medical trust" can be used for and not disqualify a person from medicaid. I talk more about this at Special Needs Trust and Disability Trust.

However, in the end, you really will need to talk to an experienced, local, Iowa Estate Planning or Trust Attorney.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Living Trust Question.


Like This Site




Subscribe to
Free Living Trust Information

Your E-mail Address

Your Name

Then

We keep this private.

Follow the Living Trust Blog









Like this Page





Visit Our Social Pages

Become a Fan of Free Living Trust Information on Facebook Follow FreeLivingTrustInformation on Twitter Follow FreeLivingTrustInformation on Google+ Subscribe EstatePlanningHub Video on YouTube

Get a PDF version of this website and its sister site here.