Estate and Elder Law Information Center
SHOULD I HIRE A TRUST ADMINISTRATION LAWYER IF I’M THE TRUSTEE? - One of the most popular additions to a comprehensive estate plan is a trust. Though once used primarily by wealthy families as a way to shelter, control, and pass down their wealth, trusts are now commonly found in the estate plan of …
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The Secret Power of Trusts - You're ready to face the task of documenting how you will pass along your assets to your family and friends. But you're stuck: Should you use a trust or a will? Here are four considerations. Trusts avoid probate; wills don't. Probate is the legal process estates …
The Whys and Hows of Medicaid Trusts - A Medicaid asset protection trust allows a person to qualify for long-term care benefits from Medicaid while protecting assets from being depleted if long-term care is needed. To qualify for Medicaid, household assets must be under a certain level. Rules …
Re-engineering the Irrevocable Trust - Irrevocable, the word means not amended, modified or revoked after formed. So you get the point of an irrevocable trust. But there is actually some flexibility. Here are some examples: To comply with changes in federal law or other laws. This is typical in …
by Bob Carlson, senior contributor to Forbes Magazine Here’s What You Need To Know About The Most-Popular Estate Planning Trusts - Trusts are an essential part of most estate plans, even the plans of people with moderate wealth. You need to know the basics of trusts, especially the key terms and …
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