So many clients have so many different questions about trusts. The types of trusts are as varied as are the different reasons for those trusts.
There are irrevocable trusts which are designed to shield your assets from the expense of prolonged medical or nursing home care. The creation of such trusts is occaisioned by the obvious fear that, if such a catastrophic or long-term care situation arises, the "nest-egg," which you spent a lifetime accumulating, will be lost to you, your spouse, your children, or the other objects of your affection.
There are revocable living trusts which do not afford such protection from asset depletion, but which do obviate the need for the administration or probate of your estate upon death.
Your need for a particular type of trust can only be determined after a studied consultation with a member of the firm. We encourage your call.
