Are There Universal Rules for Trusts in U.S. States?
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Q. Last week, in your article about Power of Attorney documents, you discussed the Uniform Power of Attorney Act, a law that was created to give universal rules for POAs across the states that have adopted it. Is there a similar law for trusts? If so, does it mention anything about creditor’s claims against settlors? The reason I ask is because I wanted to know what type of
trust would best protect my assets from creditors and be best for purposes of qualifying for certain government benefits. Thanks so much for your help!
Critter Corner: Why Would You Revoke a Revocable Trust?
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This question is more for curiosity than anything. I know that revocable living trusts can be revoked. How would someone go about doing so and why would they ever want to?
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Certified Elder Law Attorney and Medicaid Asset Protection Expert, Evan H. Farr, CELA, has written four best-selling books in the field of elder law. For more information and to order, click here.
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