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Illinois Trust Form

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Instructions and help about Illinois Trust

foreign on behalf of all of us at Dent Coulson elder law I'd like to wish you and your family a very joyous and memorable holiday season in today's elder law minute we're continuing the series on what an Illinois Medicaid applicant can and can't keep this is another one we're going to talk about something that's not particularly familiar to a lot of people and that is trusts and money and assets held in trust a trust is an arrangement by which money and property can be held over time under rules set up by the person who puts those things into the trust there are various types of trusts the most common one is a living trust otherwise known in a lot of cases as a revocable living trust the big thing you need to know about that is that having Assets in a living trust does nothing whatsoever to protect them from Medicaid those are accountable assets because essentially if it's your living trust you have control you own those assets so

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