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Amendment to Living Trust Iowa Form

Amendment to Living Trust Iowa Form

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hi welcome back to the protecting your family's future podcast my name is Richard Chamberlain and I'm one of the attorneys with the Legacy Law Group in Perrysburg Ohio this is episode number 28 of our podcast and we've been talking about long-term care planning and protecting your assets from the cost of long-term care a couple of weeks ago we looked at using irrevocable trusts and what those do and and how all that works to protect your assets today we're going to talk about what happens when you put your trust into an irrevocable trust what does that mean for you now the issue comes up because you know the the general rule is that when you put assets into an irrevocable trust you can't have them back you can't use them and because you don't have control of them and because you can't have them back they're not available for your creditors so the assets are protected so if you put a bank account or an investment ac

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