Elder law encompasses a variety of planning objectives and goals many of which deal with our most basic concerns as individuals-our autonomy. However, it frequently also involves asset protection planning. Irrevocable trusts are often used for asset protection in elder law planning, but they are only one of the tools available. Is an irrevocable trust right for you? Should you put your house in an irrevocable trust? How is an irrevocable trust different from a revocable trust? What is the 60 month or 5 year look back? These, and many more, are common questions that we address as elder lawyers.
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Answer:
Elder law encompasses a variety of planning objectives and goals many of which deal with our most basic concerns as individuals-our autonomy. However, it frequently also involves asset protection planning. Irrevocable trusts are often used for asset protection in elder law planning, but they are only one of the tools available. Is an irrevocable trust right for you? Should you put your house in an irrevocable trust? How is an irrevocable trust different from a revocable trust? What is the 60 month or 5 year look back? These, and many more, are common questions that we address as elder lawyers.
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