Nursing Home Situation · Surplus Institute

Nursing Home Situation

Unclaimed Funds.

I've got a prospective claimant who is currently in a nursing home. He is of sound mind and is concerned that the nursing home will end up taking all of his unclaimed funds should we proceed. I've heard of specific trusts that allow a small amount to be released, which allows the claimant some access to those funds, but also protects the funds from the nursing home.

Can anyone shed some light on this type of trust?

1 comment