Estate and Medicaid Planning for Victims of Nazi Persecution and their heirs
In 1999, as a result of our deep involvement with Survivors of the Holocaust and their families, as well as our deep commitment to this community, Lissner & Lissner LLP developed a unique asset protection plan called the Victim of Nazi Persecution Restitution Trusts ®by which eligible persons are able to preserve a significant portion of their assets in the event that they require long-term health care. Survivors and their families throughout the United States have benefitted from this Trust, which was considered so important and unique that information about establishing such an instrument was requested by the Library of Congress in Washington, D.C. Since its inception, Victim of Nazi Persecution Restitution Trusts® has been recommended to Survivors by numerous social service agencies and organizations throughout the United States and by other attorneys and agencies advocating for Survivors and their families.
Late in 2014, after 15 years of advocacy, Lissner & Lissner LLP was able to secure an Emergency Order from the Social Security Administration stating that, indeed, inherited funds which were received because of Nazi persecution would continue to be treated as exempt assets to benefit heirs of Survivors. To this end, we have has formalized this plan by creating the Trust for Inherited Payments to Victims of Nazi Persecution®, also known as the Victims of Nazi Persecution Successor Trust®.
Reparation payments received as a result of Nazi persecution are exempt from attachment by Medicaid, and there is no better way of protecting these assets from the cost of long term care than the creation and funding of Victims of Nazi Persecution Restitution Trusts® and Successor Restitution Trusts.
We have had an unprecedented track record of success with these instruments over the past twenty years. In that time, every application for Medicaid filed by our office involving funds exempted under a Victims of Nazi Persecution Restitution Trusts®has been approved. Because it is Federal law which created the exemption of these funds, this form of planning can be implemented by any recipient of Nazi Persecution Compensation regardless of the State in which they reside.
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If you or your loved one has been a recipient of Nazi Persecution Compensation and you would like to discuss the ways you could benefit from the exemption of these funds, please feel free to contact our office.