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Advantages and Disadvantages of Revocable Living Trusts

Many people mistakenly think that creating an estate plan simply requires you to create a will detailing how your assets will be distributed upon your death. However, estate plans are often more complicated than that, even if you have a smaller estate. One estate tool you may consider adding to your estate plan is a [...]

By |2026-02-04T13:57:17-05:00March 25th, 2022|Trusts|0 Comments

How Does a Special Needs Trust Help Your Family?

When you begin estate planning, you may start to think of how you will pay for nursing home care if you need it. While Medicaid can cover nursing home expenses, there are certain financial requirements that must be met in order to qualify for benefits. One significant requirement is that you must have only minimal [...]

By |2026-02-04T13:57:46-05:00February 2nd, 2022|Trusts|0 Comments

What Does A Special Needs Trust Pay For?

A special needs trust can be a great way to provide for a loved one who may need to rely on government programs for support as he or she ages. This is because assets that are placed into a special needs trust do not count toward income limitations for programs such as Medicaid. This means [...]

By |2026-02-04T13:58:08-05:00December 22nd, 2021|Estate Planning, Trusts|0 Comments

The Pros and Cons of an Irrevocable Trust

A trust is a legal place where you put assets. You, the person who owns the assets and puts them into the trust, are called a grantor or trustor. Then, you appoint a trustee who will look after the assets and distribute them as necessary. Finally, you choose one or more beneficiaries, how and when [...]

By |2026-02-04T13:45:38-05:00May 26th, 2020|Trusts|0 Comments

Should I Have a Revocable or Irrevocable Trust?

So you’ve heard that you should start thinking about trusts and estate planning. The first major question that you and your attorney will need to answer is: what kind? Should you have a revocable or irrevocable trust? A trust is a place where you can place assets for legal protection. In it, a trustee holds [...]

By |2026-02-04T13:45:47-05:00May 14th, 2020|Estate Planning, Trusts|0 Comments
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