The Resource Protecting your assets from probate and long-term care : don't let the system bankrupt you and your loved ones, Evan H. Farr., (ebook)

Protecting your assets from probate and long-term care : don't let the system bankrupt you and your loved ones, Evan H. Farr., (ebook)

Label
Protecting your assets from probate and long-term care : don't let the system bankrupt you and your loved ones
Title
Protecting your assets from probate and long-term care
Title remainder
don't let the system bankrupt you and your loved ones
Statement of responsibility
Evan H. Farr.
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
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<U+00d6> 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
Cataloging source
Midwest
http://library.link/vocab/creatorName
Farr, Evan H
Dewey number
332.024
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
hoopla digital
http://library.link/vocab/subjectName
  • Estate planning
  • Living trusts
  • Self-settled trusts
  • Electronic books
Target audience
adult
Label
Protecting your assets from probate and long-term care : don't let the system bankrupt you and your loved ones, Evan H. Farr., (ebook)
Link
Instantiates
Publication
Distribution
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Dimensions
unknown
Extent
1 online resource
Form of item
  • online
  • electronic
Governing access note
Digital content provided by hoopla
Isbn
9781621535621
Isbn Type
(electronic bk.)
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Publisher number
MWT12352968
Specific material designation
remote
System control number
MWT12352968
System details
Mode of access: World Wide Web
Label
Protecting your assets from probate and long-term care : don't let the system bankrupt you and your loved ones, Evan H. Farr., (ebook)
Link
Publication
Distribution
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Dimensions
unknown
Extent
1 online resource
Form of item
  • online
  • electronic
Governing access note
Digital content provided by hoopla
Isbn
9781621535621
Isbn Type
(electronic bk.)
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Publisher number
MWT12352968
Specific material designation
remote
System control number
MWT12352968
System details
Mode of access: World Wide Web

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