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Va Trust Form

Va Trust Form

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[Music] when we do our public workshop presentations which by the way I invited encourage you to attend we talked a lot about the use of trusts in their value in helping to protect assets from long term care costs so one of the questions that I get quite frequently is well I already have a living trust we already have a living trust are we okay and the answer is No I'll make the flat statement that living trusts while very valuable and as an estate planning tool don't do anything to protect your life savings from long-term care costs we need a different type of trust for that purpose a living trust can work together with the other type of trust that we call an asset preservation trust so I'm not against living trusts I think they're a wonderful estate planning tool but we may need to make sure that your life savings make it safely to the point that you die and we need something else to help you accomplish that again give me a call we'll be happy

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