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    Phone: 248.869.0030
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    36400 Woodward Suite 220
    Bloomfield Hills, MI 48304

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SBO Trusts No Longer Valid in Michigan to Protect Assets of Community Spouse

17.10.2014 by Law Firm of Seglund Gabe Pawlak & Groth in Estate Planning

Ever since 1993, so-called SBO Trusts (SBO=“solely for the benefit of”) have been used to protect the assets of a spouse (the “community spouse”) when the other spouse goes into a nursing home and receives Medicaid benefits to pay for the nursing home care. These SBO Trusts had been interpreted by the Michigan Department of […]

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