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What is the difference between a Medicaid Asset Protection Trust and a Pooled Income Trust

Both Medicaid Asset Protection Trusts and Pooled Income Trusts are tools available to maximize a Medicaid recipient’s funds. However, it is common for Medicaid recipients and their families to be confused between a Medicaid Asset Protection Trust, which principal funds cannot  be used for the Medicaid recipient, and a Pooled Income Trust which funds can only be used for the Medicaid recipient. The following article helps clarify the purpose and use of each trust and outline the differences between them.

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Person signing an irrevocable trust agreement for estate planning, ensuring asset protection and Medicaid eligibility.

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