Irrevocable Trusts make up the backbone of most solid asset protection planning strategies. These trusts can help protect property and financial assets if you should end up in a nursing home, and depending on your individual situation, can also help by saving you a significant amount of money. Here is everything you should know if you’re considering an Irrevocable Trust as part of your asset protection strategy:
Serious health diagnoses can impact your life in huge ways, and bring concerns you haven’t thought of up to the forefront. One of those concerns, which is often pushed off when everything is going well, is estate planning. You’ll want to know that your family is taken care of if the worst happens, and setting up an estate plan is the best method for making sure your wishes are known and your loved ones are cared for. But what do you need in order to have an effective estate plan when you’re ill?
A Last Will and Testament is a great estate planning tool, but there are certain things it won’t accomplish. San Fernando will and trust attorney Gerald L. Kane explains what these things are and why you need them.
Families come in all shapes and sizes. The traditional image – Mom, Dad, 2 kids – is being challenged more and more as couples are delaying marriage, choosing not to have children, or starting new families with children from a previous marriage. Since no two families are alike – I …
