There are two main forms of Trusts: Revocable and Irrevocable. An Irrevocable Trust means that the assets placed into the Trust cannot be recalled, reversed, changed, or withdrawn. When you draft an Irrevocable Trust, you are transferring the rights of ownership for any listed assets.
The attorney and legal team at Martin Law, PC, has 20 years of experience and are knowledgeable about all matters of Estate Planning, including Irrevocable Trusts. Contact our firm to learn more.
There are many different purposes which an Irrevocable Trust can serve. For the most part, individuals, like yourself, turn to an Estate Planning Attorney to draft one to minimize your exposure to Nursing Home expenses and Medicaid. When we prepare an Irrevocable Trust it can protect your assets from the costs of Nursing Home care.
A few of the benefits of an irrevocable trust include:
Are you looking for a knowledgeable Hudson Valley Attorney to prepare your Irrevocable Trust? Our firm has 20 years of experience and a wide variety of resources along with an expansive knowledge to use to our advantage. We are highly skilled in all areas of Estate Planning and are prepared to assist you in the drafting of an Irrevocable Trust.