Glossary Terms

A trust that cannot be revoked by the Grantor. Irrevocable trusts are created to either save taxes or protect assets, or both. Read More

This general term refers, logically, to protecting assets from claims against trust beneficiaries. Read More

An irrevocable trust designed to protect assets from having to be spent on nursing home care can provide income to the Grantor or no income. Read More

This general term refers, logically, to protecting assets from claims against trust beneficiaries. Read More

This is a variety of irrevocable trust established by family members to hold assets to reimburse themselves when they assist family members in need. Read More

Advance Planning includes purchasing traditional or hybrid long term care insurance policies… Read More“> Read More

Use for life. A life estate is the right of the life tenant to live in a home for life, to receive the rent from a home, or to receive the interest and dividends of money or investments. Read More

An irrevocable trust designed to protect assets from having to be spent on nursing home care can provide income to the Grantor or no income. Read More