Videos
Irrevocable Trusts Explained: Benefits, Risks, and When to Use One
An irrevocable trust is a powerful estate planning tool that can't be changed or revoked once it's establishedโbut that permanence comes with significant benefits.
Why consider one?
- Asset protection ...from creditors and lawsuits
- Medicaid planning and long-term care protection
- Estate tax reduction
- Remove assets from your taxable estate
The catch? You must plan ahead. Assets transferred into an irrevocable trust need at least 5 years before applying for Medicaid to avoid penalties.
Not every estate needs one, but for the right situation, an irrevocable trust can save your family thousands.
The Feller Group helps you determine if an irrevocable trust fits your goals.
#thefellergroup #estateplanning #elderlaw #protectyourassets #irrevocabletrust #planahead #newyorklawyer #willsandtrustsShow More
Irrevocable Trusts Explained: Benefits, Risks, and When to Use One
๐จ๐ป๐ฑ๐ฒ๐ฟ๐๐๐ฎ๐ป๐ฑ๐ถ๐ป๐ด ๐๐ฟ๐ฟ๐ฒ๐๐ผ๐ฐ๐ฎ๐ฏ๐น๐ฒ ๐ง๐ฟ๐๐๐๐ An irrevocable trust is a powerful ...
Estate Planning Terms Alan vs. Anthony
๐๐๐๐ฎ๐๐ฒ ๐ฃ๐น๐ฎ๐ป๐ป๐ถ๐ป๐ด ๐ง๐ฒ๐ฟ๐บ๐: ๐๐น๐ฎ๐ป ๐๐. ๐๐ป๐๐ต๐ผ๐ป๐ โ๏ธ Think you know your estate ...
When is Guardianship Necessary in New York? The Feller Group
๐ช๐ต๐ฒ๐ป ๐๐ ๐๐๐ฎ๐ฟ๐ฑ๐ถ๐ฎ๐ป๐๐ต๐ถ๐ฝ ๐ก๐ฒ๐ฐ๐ฒ๐๐๐ฎ๐ฟ๐ ๐ถ๐ป ๐ก๐ฒ๐ ๐ฌ๐ผ๐ฟ๐ธ? Guardianship is a topic no ...
How Do I Qualify for Medicaid Keep My Assets? The Feller Group
๐ก ๐ช๐ฎ๐ป๐ ๐๐ผ ๐ค๐๐ฎ๐น๐ถ๐ณ๐ ๐ณ๐ผ๐ฟ ๐ ๐ฒ๐ฑ๐ถ๐ฐ๐ฎ๐ถ๐ฑ ๐ช๐ถ๐๐ต๐ผ๐๐ ๐๐ผ๐๐ถ๐ป๐ด ๐ฌ๐ผ๐๐ฟ ๐๐ฎ๐ฟ๐ฑ-๐๐ฎ๐ฟ๐ป๐ฒ๐ฑ ๐๐๐๐ฒ๐๐? ...