The trust is built on a single premium life insurance chassis, allowing the funds to pay out a tax-free death benefit within 24–48 hours of passing, directly from the insurance company.
These trusts can be funded with as little as $2500 and can be funded up to $100,000 per individual.
Because the trust is irrevocable and considered a completed gift, the assets become exempt from Medicaid after the five-year look-back period.
No. Once funded, the trust is securely locked and cannot be accessed during your lifetime, which is what allows it to offer strong asset protection.
You can fund the trust with cash, savings, CDs, non-qualified annuities, life insurance cash values, or proceeds from a property sale.
These trusts can be funded up until the age of 99. There are no health questions and no underwriting.