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Yes. However, the trust should be drafted by an attorney who specializes in trust law, estate planning and tax law.

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15y ago

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What are the benefits of a irrivocable trust regarding law suits?

If you get sued for any reason, the plaintiff cannot get at your property that has been properly transferred to a PROPERLY DRAFTED irrevocable trust. A poorly drafted trust can leave your property exposed to creditors.


After an irrevocable trust has been established and the grantee goes into a nursing home can the nursing home take those assets in the trust?

The nursing home can only take it if it has been less than 5 years since the Trust was established.


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no it doesnt you can trust it.


what are the nursing home who has skilled nursing care?

My advice would be to talk to people you know and trust who have famiyl members who are currently living in a nursing home. Find out what they do and do not like about the facilty. This way you trust the opiions and know your friends will be honest.


What to do when he loves you but doesn't trust you?

break up with him if he doesnt trust you that he will never do and it will be a bad relationship


What is the advantage of ethics in nursing?

You're helping people. Ethics in nursing is not just an advantage, it is essential. Nursing is a position of trust. You must be dependable and responsible to your employers, your patients and your coworkers.


How can you keep the state from getting your home when going in a nursing home?

Answer: Several years before the move to a nursing home becomes likely, you would need to convey it to family member (son or daughter?) or place it in an irrevocable trust. You need to consult an attorney regarding estate planning.


Do i need a family trust?

yes of course you need family trust because they are your family they will be there for you no matter what and they will always love you, even when you have annoyed them they will always loved and trust you. family trust is SO important, no relationship is more powerful than your family and when you have a problem you should talk to your family first.


How many years before going to nursing home to put home in a trust?

7


Whats worse playing with barbies at a young age or for the family not to trust you?

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How can you overturn the trustee of an irrivocable trust?

To overturn the trustee of an irrevocable trust, you typically need to demonstrate valid legal grounds, such as breach of fiduciary duty, misconduct, or incapacity. This process usually involves filing a petition in the appropriate court, providing evidence to support your claims, and possibly seeking the appointment of a new trustee. It's advisable to consult with an attorney experienced in trust and estate law to navigate this complex legal process effectively.


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It doesnt, trust me.