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Search Results: "Inheritance Protection"
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An Ettinger Elder Law Estate Plan enhances the simple estate plan first by adding a multi-generational component, known as the Inheritance Trust, which protects the inheritance you leave, for your children's lifetimes, from their divorces, lawsuits and creditors. More significantly, ...
We make sure that your estate is under the limit at the time of your death by previously gifting excess funds to Inheritance Protection Trusts (IPT's) for your children. ... Regular readers of our column will recall that these IPT's ...
What is Medicaid Asset Protection Trust? What is an Inheritance Trust?
These trusts are ideal for those who are in second or later marriages and are confronted with balancing the needs of their surviving spouse when they die while still providing an inheritance for their children from a prior marriage. ... ...
While inheriting from a will or trust at death eliminates taxable capital gains for the survivor, joint tenancy only eliminates one-half of those capital gains since you are only “inheriting” one-half of the property. ... Many of the same considerations ...
Other valuable powers added to the elder law power of attorney are (1) powers to create or modify trusts (2) powers to change beneficiaries on IRA's, annuities and insurance policies, and (3) powers to refuse any inheritances left to the ...
The reasoning behind these Special Needs Trusts is simple — prior to the protection now afforded by these trusts, parents would simply disinherit their disabled children rather than see them lose their benefits. Since the state wasn’t getting the inheritance ...
This estate planning tool can help protect your family's inheritance from long-term care expenses and taxes. ... An irrevocable trust represents firm protection in the event of any crisis. ... Irrevocable Medicaid Asset Protection Trust (MAPT) An irrevocable Medicaid Asset ...
Inheritance Trust: A stand-alone, revocable trust which is created to hold a beneficiary's share of their inheritance, offering them protection from creditors, lawsuits and divorces. ... Medicaid Asset Protect Trust: A trust created during the Grantor's lifetime to hold assets ...
Inheritance Trust: A stand-alone, revocable trust which is created to hold a beneficiary's share of their inheritance, offering them protection from creditors, lawsuits and divorces.
