What to consider before downsizing.

Paying for a nursing home can seriously deplete your retirement savings. The government-funded Medicaid program can pay some or all nursing home costs, but it’s restricted to people of very limited ...

Irrevocable grantor trusts protect farm assets from nursing home expenses while maintaining stepped-up tax basis for heirs.

An irrevocable trust can be a great estate planning tool -- as long as you're completely sure of your plans. This article was updated on October 6, 2017, and originally published on August 21, 2016.

An irrevocable beneficiary is a person who is guaranteed to receive a death benefit from your life insurance policy unless they consent to forfeit their rights. Children are commonly made irrevocable ...

In an ILIT, the grantor or creator of the trust cannot change the terms or beneficiaries of the trust, just like any irrevocable trust. However, grantors may place one or more life insurance policies ...

View post: Walmart is selling a $99 tennis bracelet for just $15, and it makes a great Valentine’s Day gift An irrevocable trust is a trust that allows for certain protections for the creator of the ...

On the surface, the difference between revocable and irrevocable trusts couldn’t be any more straightforward. You can change your revocable trust whenever and however you choose. You can’t change your ...

Leonard’s wife, Kelly-Anne, has been receiving checks in an irrevocable trust for more than 20 years. When she was a teenager, her mother set up the trust, naming Kelly-Anne’s uncle as the trustee.

As its name implies, an irrevocable trust cannot be revoked by the person who establishes the trust. Typically, an irrevocable trust also cannot be changed by a trustee or beneficiary. The irrevocable ...

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