[WSBAPT] Reality Check

[Kailei Feeney]

I thought eligibility is based on income and not assets, so estate planning mechanism to "hold" assets is irrelevant?

Kailei
Kailei B. Feeney
Attorney-at-Law
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3909 California Avenue SW
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From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Paul Neumiller
Sent: Thursday, June 29, 2023 1:56 PM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Reality Check

New clients tells me that their friends (!!) get free ObamaCare coverage because the friends put all of their assets into a trust.  Huh?  This concept was presented this me as a valid reason for establishing a trust instead of the standard Will.  I have never heard of this and question it.  Anyone heard of this and how close to reality it may be?


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