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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72" style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal>I have heard that there are “income only trusts” used in other states, but that they do not work under WA regulations. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>John J. Sullivan<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='mso-ligatures:none'>From:</span></b><span style='mso-ligatures:none'> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com> <b>On Behalf Of </b>Kailei Feeney<br><b>Sent:</b> Thursday, June 29, 2023 2:17 PM<br><b>To:</b> WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com><br><b>Subject:</b> Re: [WSBAPT] Reality Check<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>I thought eligibility is based on income and not assets, so estate planning mechanism to “hold” assets is irrelevant?<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Kailei<o:p></o:p></p><p class=MsoNormal><span style='font-size:16.0pt;font-family:"Vladimir Script";color:#1F497D'>Kailei B. Feeney</span><b><span style='font-size:16.0pt;color:#1F497D'><br></span></b><i><span style='font-family:"Garamond",serif;color:#1F497D'>Attorney-at-Law</span></i><i><span style='font-family:"Garamond",serif;color:#1F497D;mso-ligatures:none'><o:p></o:p></span></i></p><p class=MsoNormal><i><span style='font-family:"Garamond",serif;color:#1F497D;mso-ligatures:none'><img width=189 height=105 style='width:1.9687in;height:1.0937in' id="Picture_x0020_3" src="cid:image001.jpg@01D9AABC.58A28600"></span></i><i><span style='font-size:12.0pt;font-family:"Garamond",serif;color:#1F497D'><o:p></o:p></span></i></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:Nyala;color:#44524E'>3909 California Avenue SW<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:Nyala;color:#44524E'>Seattle, WA 98116-3705 <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:Nyala;color:#44524E'>(206)938-5500 <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:Nyala;color:#1F497D'><a href="mailto:kailei@westseattlelaw.com"><span style='color:blue'>kailei@westseattlelaw.com</span></a></span><span style='font-size:10.0pt;font-family:Nyala;color:#44524E'> <o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D'><a href="http://www.westseattlelaw.com/"><span style='font-size:10.0pt;font-family:Nyala;color:#44524E'>www.westseattlelaw.com</span></a></span><span style='font-size:10.0pt;font-family:Nyala;color:#44524E'> <o:p></o:p></span></p><p class=MsoNormal><span style='font-family:Nyala;color:#C00000'>Our office will be closed FRIDAYs from July 14 through August 25<sup>th</sup>.</span><span style='color:#C00000'><o:p></o:p></span></p><p class=MsoNormal><b><span style='font-size:9.0pt;font-family:"Arial",sans-serif;color:#002E8A'>Click here to connect with de Vrieze | Carney on Facebook: </span><span style='color:#1F497D'> </span></b><a href="https://www.facebook.com/DeVriezeCarney"><b><span style='color:blue;mso-ligatures:none;text-decoration:none'><img border=0 width=100 height=30 style='width:1.0416in;height:.3125in' id="Picture_x0020_2" src="cid:image002.png@01D9AABC.58A28600" alt="FB Logo"></span></b></a><span style='font-family:Nyala;color:#C00000'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:8.0pt;color:gray'>CONFIDENTIAL & PRIVILEGED. </span><span style='font-size:10.0pt;font-family:Nyala;color:gray'>This e-mail message may contain legally privileged and/or confidential information. If you have received this e-mail in error, please notify the sender immediately and delete all copies of this e-mail message and any attachment. Unless you have previously signed an engagement agreement with this firm, and the firm has accepted you as a client, NO exchange of information by virtue of emails or communications will create any attorney client relationship, including any duty of confidentiality, between sender and/or recipient.</span><span style='color:gray'><o:p></o:p></span></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='mso-ligatures:none'>From:</span></b><span style='mso-ligatures:none'> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a>> <b>On Behalf Of </b>Paul Neumiller<br><b>Sent:</b> Thursday, June 29, 2023 1:56 PM<br><b>To:</b> WSBA Probate & Trust Listserv <<a href="mailto:wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a>><br><b>Subject:</b> [WSBAPT] Reality Check<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman",serif'>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? <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman",serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='mso-ligatures:none'><o:p> </o:p></span></p><p class=MsoNormal><a name="Paul_A__Neumiller"><span style='mso-ligatures:none'><img border=0 width=250 height=150 style='width:2.6041in;height:1.5625in' id="Picture_x0020_1" src="cid:image003.jpg@01D9AABC.58A28600"></span></a><span style='mso-bookmark:Paul_A__Neumiller'></span><span style='mso-ligatures:none'><o:p></o:p></span></p><p class=MsoNormal><span style='mso-ligatures:none'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Times New Roman",serif;mso-ligatures:none'> <o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>