Estate planning includes the creation of wills and trusts, elder law and Medicaid planning including the avoidance of the Medicaid Estate Recovery Program.
Revocable vs Irrevocable Trusts
Revocable vs Irrevocable Trusts: Trusts are legal entities created to hold assets for the benefit of one or more beneficiaries. They are often used in estate planning to manage and protect assets, minimize taxes and provide for loved ones. Two main types of trusts are revocable and irrevocable trusts. Revocable Trust Characteristics A revocable trust, [...]