Family Trusts, Asset Protection, Limiting Exposure, and more
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EXPERIENCE ASSET PROTECTION TRUSTS
These trusts can be designed so you maintain access and enjoyment of your assets during your lifetime, while helping ensure protection for future generations.
Trusts can be structured to help keep inheritances separate from divorce proceedings or family disagreements, supporting your intent for how assets are passed down.
With careful planning, an Asset Protection Trust can help preserve assets while still allowing you to pursue Medicaid eligibility when nursing home care is needed.
Assets held in trust generally avoid probate, which may reduce time, expense, and public involvement compared to the probate process.
Unlike a Revocable Living Trust, an Irrevocable Trust is a separate entity from yourself much in the way that a newly formed business would be. The trust will have its own Federal Tax ID and transfers of assets into this entity will be seen as gifts.
One key advantage to an Irrevocable Trust is it allows you to move assets out of your estate, where they can perpetuate for generations. There are many different types and uses of Irrevocable Trusts depending on your needs from Medicare Planning to Asset Protection, from protecting Family Vacation homes to protecting Life Insurance benefits.
These trusts are all tools with the intention of helping our clients unique and individual need to protect their health, wealth, and family.
Please contact our office to schedule a complimentary consultation where we can help you to explore whether an Irrevocable Trust is right for your needs.
To learn more or get started on your estate plan, just schedule a time to visit us for a no obligation complimentary consultation.