H7246 — Disregards the limitations on trusts if the person has purchased long-term-care-insurance with a coverage payout amount equal to the average cost of long-term care in the State of Rhode Island.

H7246 — Disregards the limitations on trusts if the person has purchased long-term-care-insurance with a coverage payout amount equal to the average cost of long-term care in the State of Rhode Island. · Informed CitizenryThis bill aims to simplify financial rules regarding trusts, specifically concerning assets used for paying for long-term care. Currently, there are limitations on how much money or property can be…Open in Informed Citizenry