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Estate Planning - Protecting Your Assets from Probate and Long-Term Care: Don't Let the System Bankrupt You and Your Loved Ones

Description

Book Synopsis: Evan H. Farr is a lawyer with expertise in asset protection and related topic. Let him, in plain language, explain the need to consider both probate and the expenses of long-term care when you create a living trust.

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.

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.

Details

Protecting Your Assets from Probate and Long-Term Care: Don't Let the System Bankrupt You and Your Loved Ones is the ultimate guide to safeguarding your wealth. Written by Evan H. Farr, a renowned expert in asset protection, this book unravels the complexities of probate and long-term care expenses and provides you with invaluable information in simple, understandable language. Don't leave your financial future to chance - discover the power of creating a living trust.

Are you aware of the tremendous advantages a living trust can offer? Not only does it enable you to avoid the time-consuming and costly process of probate, but it also shields your assets from the potentially debilitating expenses of long-term care. Evan H. Farr takes it a step further, shedding light on the often overlooked fact that a revocable living trust alone cannot safeguard your assets from lawsuits or the financial burdens associated with nursing homes and extended care.

In this comprehensive book, Farr shares the essential knowledge you need to protect yourself and your loved ones from both probate and long-term care expenses. He introduces the revolutionary concept of the Living Trust Plus™ Asset Protection Trust - a self-created trust that not only bypasses probate but also preserves your interest in the trust while shielding your assets from being counted by state Medicaid agencies. Learn the ins and outs of probate avoidance, secure your assets, address joint ownership challenges, explore special needs planning, uncover ethical Medicaid planning strategies, debunk common Medicaid myths, and gain insights into finding the right lawyer.

Protecting Your Assets from Probate and Long-Term Care is a must-read for anyone seeking to ensure their family's financial security. Don't wait until it's too late - empower yourself with the knowledge and tools necessary to create a living trust that safeguards your assets. Take control of your financial destiny and secure the future you deserve.

Get your copy today!

Disclosure: I get commissions for purchases made through links in this website