How do you protect assets with irrevocable trust?
Introduction Protecting assets is a crucial aspect of estate planning, ensuring that your hard-earned wealth is safeguarded for yourself and your loved ones. One powerful tool that can help achieve this goal is irrevocable trust. Unlike a revocable trust, an irrevocable trust, as the name suggests, cannot be altered or revoked once created, making it […]
Understanding the Disadvantages of a Medicaid Asset Protection Trust
Introduction Medicaid is a vital government program that provides essential healthcare coverage for low-income individuals and families. However, qualifying for Medicaid benefits can be challenging, especially if you have significant assets that could disqualify you from eligibility. To address this concern, many individuals consider setting up a Medicaid Asset Protection Trust (MAPT) to safeguard their […]