LegalZoom explains that by familiarizing yourself with the law, you can learn how to protect assets from a nursing home and ...

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 ...

©Shutterstock.com When you think about setting up a trust, the first thing that comes to mind is a plan for how wealth will be passed down after you die. But there is also an asset protection ...

A Medicaid asset protection trust can also lead to other ... Those can all be reasons why setting up a trust can make sense.

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 ...

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 ...

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

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 ...

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 ...