Ebook214 pages2 hours
Protecting Your Assets from Probate and Long-Term Care: Don't Let the System Bankrupt You and Your Loved Ones
By Evan H. Farr
Rating: 0 out of 5 stars
()
About this ebook
Have you ever considered the advantages of creating a living trust? Avoiding probate through the use of living trusts is a well-known solution, but author Evan H. Farr takes this issue one step further. In Protecting Your Assets from Probate and Long-Term Care, Farr explains the need to consider both probate and the expenses of long-term care when you create a living trust.
A revocable living trust, the main tool used for protecting your assets from probate, does not protect assets from the catastrophic expenses of long-term care. A very useful and popular estate planning tool, revocable living trusts are recommended by tens of thousands of attorneys across the United States and are used as the central estate planning document by millions of Americans. However, what most Americans don’t realize is that assets in such a trust are not protected from lawsuits or from the limitless expenses associated with nursing homes or long-term care.
In order to help readers protect themselves from both probate and long-term care, Farr delves into the many details you should know when creating a living trust. He also outlines his Living Trust Plus™ Asset Protection Trust, which is the only type of self-created asset protection trust that allows you to avoid probate and retain an interest in the trust while also protecting the assets from being counted by state Medicaid agencies. He details the process of avoiding probate and securing assets, including:
Joint ownership problems
Special needs planning
How to pay for the nursing home
Why Medicaid planning is ethical
The ten most common Medicaid myths
Finding the right lawyer
Protecting Your Assets from Probate and Long-Term Care will help to ensure your family does not have to reap the consequences (and expenses) of improperly creating a living trust.
A revocable living trust, the main tool used for protecting your assets from probate, does not protect assets from the catastrophic expenses of long-term care. A very useful and popular estate planning tool, revocable living trusts are recommended by tens of thousands of attorneys across the United States and are used as the central estate planning document by millions of Americans. However, what most Americans don’t realize is that assets in such a trust are not protected from lawsuits or from the limitless expenses associated with nursing homes or long-term care.
In order to help readers protect themselves from both probate and long-term care, Farr delves into the many details you should know when creating a living trust. He also outlines his Living Trust Plus™ Asset Protection Trust, which is the only type of self-created asset protection trust that allows you to avoid probate and retain an interest in the trust while also protecting the assets from being counted by state Medicaid agencies. He details the process of avoiding probate and securing assets, including:
Joint ownership problems
Special needs planning
How to pay for the nursing home
Why Medicaid planning is ethical
The ten most common Medicaid myths
Finding the right lawyer
Protecting Your Assets from Probate and Long-Term Care will help to ensure your family does not have to reap the consequences (and expenses) of improperly creating a living trust.
Related to Protecting Your Assets from Probate and Long-Term Care
Related ebooks
The Everything Wills & Estate Planning Book: Professional advice to safeguard your assests and provide security for your family Rating: 0 out of 5 stars0 ratingsThe Living Trust Advisor: Everything You (and Your Financial Planner) Need to Know about Your Living Trust Rating: 5 out of 5 stars5/5Executor's Guide, The: Settling a Loved One's Estate or Trust Rating: 0 out of 5 stars0 ratingsSimple Will Creator: Legal Self-Help Guide Rating: 0 out of 5 stars0 ratingsLong-Term Care Insurance, Power of Attorney, Wealth Management, and Other First Steps, Third Edition Rating: 0 out of 5 stars0 ratingsPlan Your Estate Rating: 0 out of 5 stars0 ratingsProbate, Wills, & Trusts: Searching for Answers Rating: 0 out of 5 stars0 ratingsWills, Probate, and Inheritance Tax For Dummies Rating: 0 out of 5 stars0 ratingsMake Your Own Living Trust Rating: 4 out of 5 stars4/5Give Through A Will & Living Trust: Legal Self-Help Guide Rating: 0 out of 5 stars0 ratingsGuidance On Creating Your Own Will & Power of Attorney: Legal Self-Help Guide Rating: 0 out of 5 stars0 ratings8 Living Trust Forms: Legal Self-Help Guide Rating: 5 out of 5 stars5/58 Ways to Avoid Probate Rating: 0 out of 5 stars0 ratingsThe Complete Guide to Wills: What You Need to Know Explained Simply Rating: 0 out of 5 stars0 ratingsThe 250 Estate Planning Questions Everyone Should Ask Rating: 0 out of 5 stars0 ratingsYour Living Trust & Estate Plan: How to Maximize Your Family's Assets and Protect Your Loved Ones, Fifth Edition Rating: 0 out of 5 stars0 ratingsYour Texas Wills, Trusts, & Estates Explained Simply: Important Information You Need to Know for Texas Residents Rating: 0 out of 5 stars0 ratingsEstate Planning (in Plain English) Rating: 0 out of 5 stars0 ratingsEstate Planning for the Savvy Client: What You Need to Know Before You Meet With Your Lawyer Rating: 0 out of 5 stars0 ratingsEstate Planning For Dummies Rating: 5 out of 5 stars5/5How to Settle a Simple Estate Without a Lawyer: The Complete Guide to Wills, Probate, and Inheritance Law Explained Easily Rating: 0 out of 5 stars0 ratingsSo You've Been Appointed Executor Rating: 0 out of 5 stars0 ratingsJK Lasser's New Rules for Estate, Retirement, and Tax Planning Rating: 0 out of 5 stars0 ratingsHow to Avoid Probate for Everyone: Protecting Your Estate for Your Loved Ones Rating: 0 out of 5 stars0 ratingsYour Living Trust and Estate Plan 2012-2013: How to Maximize Your Family's Assets and Protect Your Loved Ones Rating: 0 out of 5 stars0 ratingsMortgage Solutions for Smart People: 5 Easy Ways to Get Your Loan Approved Rating: 0 out of 5 stars0 ratingsWills and Trusts Kit For Dummies Rating: 5 out of 5 stars5/5
Law For You
Win In Court Every Time Rating: 5 out of 5 stars5/5Legal Writing in Plain English: A Text with Exercises Rating: 3 out of 5 stars3/5How to Think Like a Lawyer--and Why: A Common-Sense Guide to Everyday Dilemmas Rating: 3 out of 5 stars3/5Win Your Case: How to Present, Persuade, and Prevail--Every Place, Every Time Rating: 5 out of 5 stars5/5The ZERO Percent: Secrets of the United States, the Power of Trust, Nationality, Banking and ZERO TAXES! Rating: 5 out of 5 stars5/5Estate & Trust Administration For Dummies Rating: 0 out of 5 stars0 ratingsSecrets of Criminal Defense Rating: 5 out of 5 stars5/5Legal Words You Should Know: Over 1,000 Essential Terms to Understand Contracts, Wills, and the Legal System Rating: 4 out of 5 stars4/5Dictionary of Legal Terms: Definitions and Explanations for Non-Lawyers Rating: 5 out of 5 stars5/5Law For Dummies Rating: 4 out of 5 stars4/5The Common Law Rating: 4 out of 5 stars4/5The Pro Se Litigant's Civil Litigation Handbook: How to Represent Yourself in a Civil Lawsuit Rating: 5 out of 5 stars5/5The Everything Guide To Being A Paralegal: Winning Secrets to a Successful Career! Rating: 5 out of 5 stars5/58 Living Trust Forms: Legal Self-Help Guide Rating: 5 out of 5 stars5/5Verbal Judo, Second Edition: The Gentle Art of Persuasion Rating: 4 out of 5 stars4/5With Liberty and Justice for Some: How the Law Is Used to Destroy Equality and Protect the Powerful Rating: 4 out of 5 stars4/5The Everything Executor and Trustee Book: A Step-by-Step Guide to Estate and Trust Administration Rating: 3 out of 5 stars3/5Wills and Trusts Kit For Dummies Rating: 5 out of 5 stars5/5The Paralegal's Handbook: A Complete Reference for All Your Daily Tasks Rating: 4 out of 5 stars4/5Criminal Law Rating: 0 out of 5 stars0 ratingsPatents, Copyrights and Trademarks For Dummies Rating: 4 out of 5 stars4/5Devil in the Grove: Thurgood Marshall, the Groveland Boys, and the Dawn of a New America Rating: 4 out of 5 stars4/5Trans: When Ideology Meets Reality Rating: 3 out of 5 stars3/5The LLC and Corporation Start-Up Guide: Your Complete Guide to Launching the Right Business Rating: 5 out of 5 stars5/5The Socratic Method: A Practitioner's Handbook Rating: 4 out of 5 stars4/5When Harry Became Sally: Responding to the Transgender Moment Rating: 3 out of 5 stars3/5No Place to Hide: Edward Snowden, the NSA, and the U.S. Surveillance State Rating: 4 out of 5 stars4/5
Reviews for Protecting Your Assets from Probate and Long-Term Care
Rating: 0 out of 5 stars
0 ratings
0 ratings0 reviews
Book preview
Protecting Your Assets from Probate and Long-Term Care - Evan H. Farr
c book_preview_excerpt.html []6+Z k gydK}%Q&ug^ahM͘-
տBӝe~2{?Oy䦖-ڷ֕e63γk:,: ˮF]et;s̲{d^jN+S:}?vîF;Ddwx6.Σ
O.چ_6Fj7ù:ubj
~>թ^Qؑj3MYBOs;r,
/zxfC1O`џ0
L=\
2 ^z(zju=9Sj~/?xxzUͿ7^0J>.d|&|;D?-6x"6uM7îzmvs_r{o<1gylY8fe<-*x<$ L_nTid))ƴ&_a91ZoL6[l^v;Ή!`(_ھZYiH^q;g=ߠTx(P;ZV1>,sOw&X
_88l80vd]R0x844_O&@|)IW>T~!a!\q%vbi;~H>;}U\eWVeu&
o߱Ai0/`RVU?Kp6L ,~_3 9hت9?_|A1d)$L;*)?0=FTd+D0J
) .?9 iY|\N6ӏtB̤nU1kK(h~1q̩iEhayD<$Fu?iU qww_=L8P
ۥ`jDؙAV\)$ډ"3Wlې4@`k7x;lHY@~R/41
ʓcEHнտp2I&:#$ڍSlwYS6XS6{U.a"YX%AnkOv _U*fo)6JtaiKuo`z%7@¯>:zRٮCQ2U]Ӡc%h
3rIh&a
u".*C"
.aWbdI9Gt$Hkj&rl1TqN
4x6=oll0S
5{)LH`O. *p69$
#JDoG0tN$k#\Ф7Z(gڪv~$G:3skiîTTEE. (\VVY _-Z#76.&cΈ5`Ɖ\
d"2ӑ){ʥAd-GM62HrT[\OO9]M:T`s9'-@/lMiGз$xhXcs2ht9lP9\G ;Yc"3DrcUސ(hs\3ZX+3@O+@}v缞cvrkJWHa[Uo8FX rv=-2 r0>b4tdW_HlQr%l]s䣤דy )=zDj^ ۊ:qU}GLp/NSqΧ*͊n%'.AњKZa_8-i. ȲԩFXEOmy=ж҆Q@293Oexl
me ?C
2(RYFBq[1` RpJ;#2j{زHRg,m@b Y$ʢd0dNgaB&F^7ȎjUR'8
]85#+YI%[U\%GhPdōz7'QE,1s]ewsG(BFVa9R tNO5V߉!%`7GKr͊A^|_HHOjZQ]OI)I29c^"r1һJQjjjrE' 1<`Ϲg
&f[mBŲE_daQgo4!j sH:h/DyJxӋK[`'<<2r"#ȀV*rC/}<%RʆOD>&>HNjw!Et^rW
ocS\D1Hщv{&̫xL0lQG)ڝ^gLlB$ezȁ$kRK
z)G q-<H\|Bs!g?U.3Z/v%6.欸a ]lDsmmoR(=prSgnd4ۃVZMu,z #X[USH>0m|)b^lY6 &uj$1'FvΙXkII(" B=#jV
k-wBϻ"ޭ*%O>ee$Eo ӍhնAA[UK