No. By definition since it’s your money it’s a self-settled trust, not a third-party trust. But if you are disabled and under the age of 65, you can transfer the funds into a (d)(4)(A) trust, which is just like a third-party trust except for the Medicaid payback provision from any funds remaining upon your death.
Harry S. Margolis practices elder law, estate, and special needs planning in Boston and Wellesley, Massachusetts. He is the founder of ElderLawAnswers.com and answers consumer questions about estate planning issues here and at AskHarry.info.
