Testamentary Trust Frequently Asked Questions A testamentary trust is a type of trust that only comes into existence through the probate process. In this article, we will go over five frequently asked questions about testamentary trusts. What is a Testamentary Trust? A testamentary trust is a type of trust that is created through a Last Will and Testament. It does not officially come into existence until your death and authentication from the probate court. [...]

Medicaid Asset Protection Trust A Medicaid Asset Protection Trust can help you to qualify for your long-term Medicaid care when you have assets in excess of their limits, without spending those assets down. By transferring assets into this type of irrevocable trust they protect them from being counted against you for eligibility purposes. In this article, we will go over the basics of how a Medicaid Asset Protection Trust (MAPT) works. Why Are MAPTs [...]

Living Trust Frequently Asked Questions A living trust is a very useful estate planning document and is a piece in the puzzle of a complete estate plan. In this article, we will go over 5 living trust frequently asked questions. 1. What is a Living Trust? A living trust is a legal entity that you set up to hold your property. You create and fund it as the Grantor. The Trustee then manages the [...]

Frequently Asked Questions About Special Needs Trusts A special needs trust is a unique type of trust that allows a disabled individual to receive supplemental support without putting their eligibility for government benefits in jeopardy. In this article, we will go over 7 frequently asked questions about special needs trusts. 1. What is a Special Needs Trust? SNTs are designed to hold and manage assets for the benefit of a person with disabilities. This [...]