In this brief clip from our Wine & Wills Virtual Happy Hour held on July 21, 2020, Attorney Landon Hodges talks about the process for adding assets - be it real estate, cash or other financial assets - to a trust after it was initially set up. Long-Term Care Planner Kristin Daugherty also adds a word of caution about adding assets, and possible penalties related to Medicaid eligibility to pay for long-term care costs, should additional assets be added to the trust. In short, it would be beneficial to consult an elder law attorney, such as us, before adding assets to a trust that has already been set up in order to hopefully avoid or minimize potential financial penalties down the road for doing so. 

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