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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 |2025-08-13T17:31:21-04:00March 25th, 2022|Trusts|Comments Off on Advantages and Disadvantages of Revocable Living Trusts

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 |2025-08-20T09:53:15-04:00February 2nd, 2022|Trusts|Comments Off on How Does a Special Needs Trust Help Your Family?

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 |2025-08-20T12:46:31-04:00December 22nd, 2021|Estate Planning, Trusts|Comments Off on What Does A Special Needs Trust Pay For?

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 is 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 |2020-05-26T13:33:22-04:00May 26th, 2020|Trusts|Comments Off on The pros and cons of an irrevocable trust
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