The benefits of a Revocable Trust just got better.
As of January 2017 those utilizing Medi-Cal are no longer required to engage in more complex legal strategies to avoid any Medi-Cal claim against the estate upon death.
A regular revocable trust is now sufficient to avoid any Medi-Cal claim.
Thus, transferring your real property into a Revocable Trust not only helps avoid probate, but also prevents your estate from being diminished by any Medi-Cal payback claim.
It is also advisable to transfer or relate to the Revocable Trust any other significant assets, such as life insurance, annuities, or retirement accounts.
For more information please contact the Law Offices of Hanlen J. Chang.