A federal judge in New York judge has found that a common provision in an irrevocable trust that reserves a limited power of appointment does not render the assets of the trust available and therefore ...
An individual can protect their assets from Medicaid, including their home, by placing them into a trust. Essentially, the assets become owned by the trust and not by the individual. This mechanism ...
Do you employ an irrevocable trust or trusts as part of your estate plan? You need to review your irrevocable trust to ensure it still delivers the benefits intended. It is generally possible to ...
A safer alternative to transferring your real estate to your children for a $1 is transferring the property to a Medicaid Asset Protection Trust. Before explaining how this trust works, it is ...
When a listener named Kim wrote to Suze Orman's "Women & Money" podcast, she shared a common concern: Her family was overwhelmed by estate planning. Kim explained that her parents were considering ...
Rupert Murdoch is in court to test the boundaries of changing permanent estate plans Media titan Rupert Murdoch is in court in Nevada trying to do something you're not supposed to be able to do: ...
When planning for the future, many people use trusts as a way to manage their assets, avoid probate, and protect their loved ones. But not all trusts are created equally. Determining which estate ...
For those who don't qualify for long-term care insurance or can't afford it, the Medicaid Asset Protection Trust ("MAPT") can protect your assets from the high cost of long-term care in your home or ...