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SNT, LLC, modify succession?

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kolette

New member
In Louisiana(or California, party in a transitional period)
WRT to likely need for Medicaid Eligibility(has had medicaid in the past, does not currently have it, anticipates significant health decline due to health history), person who receives SSDI has inherited under $200K. A small portion of that money is in an IRA containing stock. The rest is yet to be distributed, but is apparently also in stock.

1. Is there a way to put money into an LLC for investment purposes?
2. Can such an LLC be put into a special needs trust? and how is this done?
3. Can the succession be modified so that the distribution funds a special needs trust(LA)? If so, how is this done?
4. How would a self directed LLC work into this picture? (party will be returning to CA has been in LA extended time for school)

Wishes are to hold onto the money for anticipated medical needs(severe health issues), possibly purchase a home later if there is an insurance settlement, have funds accessible for travel.
 
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