In this Elder Law Interview, Alisa Lamal, our Legal Content Specialist, is joined by Susan Chalgian, elder law attorney at Chalgian & Tripp—a firm serving clients all across Michigan.
Susan is an active member of NAELA and serves as a board member for several committees including the Women Lawyers Association of Michigan and the Elder Law and Disability Rights Section of the State Bar.
This discussion will focus on how an SBO trust, a Michigan-specific spend-down strategy, can help senior clients in a Medicaid crisis planning scenario and how it compares to and complements a Medicaid Compliant Annuity (MCA). Susan will cover:
- How to determine which spend-down tool is right for your client
- Which tool is best for a client with a retirement account
- How to structure an SBO trust
- Tips for protecting your client’s assets from the SBO trustee
- How your clients can prepare for an unexpected policy change
Watch the full interview to gain this practical insight!
