Life Insurance Ownership Change

Summary

Changing the owner of a life insurance policy can affect Medicaid eligibility and the Special Needs Trust. Consult a local estate planning attorney for personalized advice.

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If a special needs individual owns life insurance and has medicaid and a special needs trust, but forgot to disclose life insurance at time of establishing trust can we change owner on life insurance without complication
Hello ****,
In general, changing the owner of a life insurance policy can have implications on Medicaid eligibility and the Special Needs Trust. It's important to consult with a local attorney who specializes in estate planning or elder law for guidance. Can you provide your location to suggest some nearby contacts?