What Is a Medicaid Trust in Gilbert, AZ?

If you’re young and in good health, it may be hard to consider a time when you’ll need long-term care in a nursing home or other facility. However, this is a very real possibility for most people, and failing to create a dependable plan can leave you without the essential healthcare you require.

That’s where Walk-In Wills comes in. Our attorneys can walk you through the Medicaid planning process step by step to ensure you can access benefits when you need them while also retaining the assets you’ve worked so hard for during your life.

Secure Long-Term Care with a Medicaid Trust

Medicaid is a government program that provides funds for healthcare services, including long-term care. As people grow older, they may require placement in an assisted living facility, which can be quite expensive. Medicaid can cover these costs, but it does impose limitations on how many assets a person can have in their possession.

Medicaid trusts allow you to keep your assets, including property, while also qualifying for vital benefits. In this case, the trust becomes the owner of your assets, which allows you to remain under the income thresholds associated with Medicaid.

Frequently Asked Questions

1. What is a Medicaid trust and why might I need one?

A Medicaid trust is a special legal tool that can help you protect certain assets while you plan for long‑term health care costs. Instead of having those assets count against you when applying for Medicaid, they are placed in the trust and managed by a trustee you choose. Walk‑In Wills explains this strategy and helps you decide if it makes sense for your situation.

2. How does Walk‑In Wills guide clients through establishing a Medicaid trust?

Our attorneys talk through your goals and financial picture, explain what a Medicaid trust can and can’t do, and prepare the legal paperwork so it meets Arizona requirements. We also walk you through how to transfer assets into the trust and what to expect once it’s in place.

3. Are there downsides I should understand before setting up a Medicaid trust?

Yes—placing assets into a Medicaid trust means you give up direct control of them, and a trustee will manage those assets for you. Plus, once assets are in the trust they generally cannot be removed by you. Walk‑In Wills talks through these trade‑offs so you make an informed choice that fits your long‑term care planning goals.

How We Can Help with Medicaid Planning?

Trust creation is a reliable way to secure long-term care via Medicaid. Some people choose to create a revocable trust and provide the trustee with authority over their finances. Should you be unable to care for yourself due to severe illness or injury, the trustee can manage your assets on your behalf. You can also rest assured that you’ll be within the financial limits established by Medicaid.

Establishing a special needs trust is another option. In this case, you can place property and other assets into the trust while still maintaining your essential healthcare benefits. Both options have benefits and disadvantages, so we’ll evaluate your unique situation to help you make the best possible decision for your needs.
All it takes is a phone call to our Gilbert, AZ office to schedule a no-obligation consultation. Contact Walk-In Wills today by calling (480) 470-7000 or contact us to learn more. We look forward to speaking with you.