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