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Qualified Income Trust: Why it is So Important for Seniors

These income trusts provide seniors with a way to gain the access into senior living facilities, as well as nursing homes when their income exceeds the Medicaid cap. This extra money that is being put away is what is going to cover the additional costs that the insurance company is not going to pick up. […]

How To Start A Trust

Everyone should prepare their finances for the day when they are no longer with us.  Your estate can be dispersed anyway you see fit.  Why would someone consider setting up a trust instead of dispersing an amount immediately to someone?  It could be a matter of age.  If a person is leaving an amount of […]

What is a Revocable Living Trust?

Many people have heard about Revocable Living Trusts (Trusts) and that they may be some benefit from having one, however, many are not really even sure what a trust is or how it works. A good approach to understanding a Trust is to consider each word individually and what it means. Revocable –  Means that […]

Three Common Types of Trusts

Planning for the future includes planning for the entire future. Before a person passes away, they must plan or decide where their assets will go. Many people will plan for family members to inherit their assets. Instead of worrying about those loved ones having to pay taxes on their inheritance, a trust can be set […]

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