An Asset Preservation Trust is a special trust we use in Asset Preservation Planning to protect assets that could be lost to the financially devastating costs of long-term care. Basically, how it works is that ownership of the assets transferred into the trust is no longer considered yours, therefore the assets are protected from any […]
What’s the Difference Between a Revocable Trust and an Irrevocable Trust?
In this Elder Law Minute, Wes Coulson, Illinois and Missouri Elder Law Attorney, explains the difference between revocable trusts and irrevocable trusts. What’s the Difference Between a Revocable Trust and an Irrevocable Trust? Transcript: Hi, I’m Wes Coulson and this is your Elder Law Minute. One of the questions I get occasionally is, “What’s the difference […]
