LEGAL GUIDE
Written by attorney Kimberly Ann Trueman

Mortgages and Irrevocable Trusts

Most banks will not offer traditional mortgages or home equity lines of credit against real property owned by an irrevocable trust. Luckily, in New York State an irrevocable Medicaid trust can be revoked, meaning you can remove a property you wish to mortgage from the irrevocable Medicaid trust.

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