A Medicaid asset protection trust can also lead to other ... Those can all be reasons why setting up a trust can make sense. We work with many people in or near retirement who have been diligent ...

1. Evaluate the Purpose of Your Trust You can set up a trust for various purposes to house and protect your assets effectively. Consider these purposes to ensure you structure your trust ...

A foreign asset protection trust (also referred to as an offshore trust) is set up outside of the U.S. This type of asset protection trust is governed by the laws of the country in which the trust ...

While the main focus of your wealth-building journey may naturally be building up your ... like your assets distributed upon your passing; however, another popular solution is a trust, which ...

For instance, you can set up a trust for grandchildren ... Can you use trusts to protect your pension from inheritance tax? Trusts can be a useful tool to remove assets from your estate, keeping ...

you can set up an irrevocable trust and move assets into a trust fund to protect your heirs from having to pay the estate tax. For any income distributed from the trust, beneficiaries (usually ...

If you want to set up this type of arrangement ... trust will not provide the same level of strong asset protection an irrevocable trust can. Assets passed through an RLT will also still be ...

Others believe it’s perfectly fine, considering the rules and laws set up around Medicaid. Ultimately, whether you use an ...

A domestic asset protection trust is a type of trust that protects an estate’s assets from lawsuits, creditors and other legal action. You can think of them as setting up an offshore bank ...

Irrevocable trusts also protect the assets within them from creditors ... For this reason, some legal professionals recommend setting up an irrevocable trust if you have a high-profile career ...

Long-term care (LTC), which may include nursing home stays, is expensive and can quickly suck up savings you ... against the Medicaid asset limit. So you could protect your assets by putting ...

If you are considering setting up an irrevocable trust to protect your assets, contact our experienced attorneys at Fleurinord Law for help with creating a tailored estate plan that meets your ...