Family Needs Trust

When applying for Medi-Cal, it is sometimes helpful to have any “excess assets” placed into a Family Needs Trust, which is an irrevocable trust. By doing this, and it does have to be done in a legal and specific manner for this to work, the family need not lose the monies they have saved during their lives to take care of them as they age. This is a type of Special Needs Trust and allows the Medi-Cal recipient to be the beneficiary of t