A trust is an estate planning tool that allows people to transfer assets out of an individual’s name, thereby protecting and shielding the assets. Trusts can be especially useful in times of crisis. For example, assets can be placed in trusts to keep them out of Medicaid’s reach when a person is in need of home care or nursing home care.
The following video explains how this works in more detail.
Trusts can be crucial in times of crisis, and it is never too early to start planning. Call the law firm of Polizzotto and Polizzotto, LLC today to meet with an experienced estate planning attorney and discuss how a trust could protect your or your loved one’s assets.