» Trust Administration

ASSET PROTECTION PLANNING: FIVE-YEAR TRUST

March 20th, 2023
To qualify for the Maine Medicaid (MaineCare) long-term care benefit, an applicant must have less than $10,000. Certain assets, like the primary residence, do not count towards this asset limit, but those assets are not protected from estate recovery… Read More
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Categories: Estate Planning, Wills & Trusts, Long-Term Care Planning, Medicaid / MaineCare, Trust Administration

Duties and Responsibilities of a Trustee

April 1st, 2018
In basic terms, a trust is created when one person (the trustee) takes legal title to property, but holds and manages the property for the benefit of someone else (the beneficiary). The person who creates the trust is called the settlor or grantor. T… Read More
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Categories: Trust Administration