Protecting Your Assets from Probate and Long-Term Care (eBook)

Don't Let the System Bankrupt You and Your Loved Ones

Evan H. Farr (Autor)

eBook Download: EPUB

2017
208 Seiten
Allworth Press (Verlag)
978-1-62153-562-1 (ISBN)

Infos

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 lawyerProtecting 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.

Autor

Evan H. Farr is widely recognized as one of the foremost experts in the field of Medicaid asset protection and related trusts. He is the creator of Living Trust Plus™ Asset Protection System, which is used by dozens of estate planning and elder law attorneys around the country, and he is the founder of the Elder Law Institute for Training and Education. He is the bestselling author of Nursing Home Survival Guide and Protect & Defend, and he has been rated as one of the best lawyers in the country by numerous publications, including SuperLawyers.com, Washingtonian Magazine, and Newsweek. He lives in Fairfax, Virginia.

Produkt-Details

• Erscheint lt. Verlag: 23.5.2017
• Sprache: englisch
• Themenwelt: Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Geld / Bank / Börse
• Themenwelt: Recht / Steuern ► Arbeits- / Sozialrecht ► Sozialrecht
• Themenwelt: Recht / Steuern ► EU / Internationales Recht
• Themenwelt: Recht / Steuern ► Privatrecht / Bürgerliches Recht ► Besonderes Schuldrecht
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht ► Gesellschaftsrecht
• Schlagworte: AARP • adult children • aging parents • aging relatives • Assets • Attorney • avoid probate • Binder • Brokerage • caregiver • care insurance • care plan • care planning • Checklists • comprehensive guide • Directives • Do • document files • Dummies • Durable • Elder • Eldercare • elderly parents deposit box • elderly relatives • end-of-life • Estates • executor • Family Caregivers • Finances • financial documents • funeral arrangements • government benefits • Healthcare • Health Care • Home care • home health • housing options • incapacitated • insurance policy • invaluable resource • Jersey • key documents • Legal advice • Legal Documents • legal paperwork • living options • living trusts • Medicaid • medicare • memorial services • monthly fees • nolo • Nursing Homes • online access • organize • Organizer • organizing assisted • particular situation • Passwords • planner • portable document • Practical Guide • printed forms • records • reference research • relevant information • rich text • safe deposit • safety deposit • seniors • Smarts • Strategies • Tax • valuable resource • Web site • Wills • Word Processing • Workbook • Worksheets
• ISBN-10: 1-62153-562-2 / 1621535622
• ISBN-13: 978-1-62153-562-1 / 9781621535621