When planning for the future, many people use trusts as a way to manage their assets, avoid probate, and protect their loved ...

Medicaid preplanning is the opposite. Instead of scrambling when care is needed immediately, preplanning involves protecting assets years in advance, allowing the individual to qualify for Medicaid ...

The largest wealth transfer in history has begun. It doesn't mean you have to accept everything bequeathed to you. Here's ...

Second, an irrevocable trust can help reduce estate tax liabilities and also make some estates eligible for exemption from these taxes. The estate tax exemption limit is $13.99 million in 2025 ...

A Medicaid Asset Protection Trust (or irrevocable income-only trust) can protect the assets of a person who wishes to apply for Medicaid, as long as this is done before the look-back period.

Schlessel Law PLLC serves individuals and families across Long Island, offering guidance in estate planning, trust ...

While an irrevocable trust can, in some cases, protect assets from being counted for Medicaid eligibility, Orman pointed out a major trade-off: "It no longer is part of your estate.

Protect your family's wealth with an Irrevocable Life Insurance Trust (ILIT)! Learn how to legally avoid estate taxes and ...

Proposed cuts to federal Medicaid funding could total $723 billion over 10 years. Nearly 2 million New Jersey residents rely on Medicaid and/or CHIP, including vulnerable populations like children ...