Learn how revocable and irrevocable trusts can play a key role in protecting assets, reducing taxes, and planning for the future. This guide breaks down the differences between trust types, explains how they work under New York law, and explores how tools like Medicaid Asset Protection Trusts can help families preserve wealth, avoid probate, and plan proactively for long-term care and incapacity.
Learn effective strategies to protect your parents’ assets from rising nursing home costs. This informative guide explains how Medicaid planning, asset protection trusts, and other legal tools can help families preserve wealth, qualify for care coverage, and plan proactively for long-term care needs.
The opportunity to make proper use of the present $11,700,000 Federal Gift Tax exemption, and the opportunity to fund and sell to Grantor Trusts, form and fund Grantor Retained Annuity Trusts, fund Qualified Personal Residence Trusts and other planning techniques, may be gone in a matter of days.
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