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Income Only Trust Form

Income Only Trust Form

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Video instructions and help with filling out and completing Income Only Trust Form

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Instructions and help about income trust evan

Hi, Camp;#39’m Ellen Bryant, and Camp;#39’m a Board Certified Elder Law Attorney in Florida. And today, I&#39’m going to explain, give an answer to, should I set up an irrevocable income only trust? There&#39’s other trade names out there, protected names like asset protection trust, Medicaidspend-down protection trust. Thalami;#39’re all similar concepts, so question is whether you should set one up. And personally, I Donald;#39’t think it should matter if you&#39’re male or female, single, married, but what does matter is one factor. First factor is, you have a hold and save mentality. If you you&#39’re of the mentality that you want to set aside these assets specifically for a purpose, and you Donald;#39’t have any reason to set it up, or to spend it on something, you'rent a spend thrift, and you want to say, camp;quot;You know what if long-term care happens to mean my family is asked to pay $8,000, Camp;#39’d rather not be paid for that $

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