If you're at or near retirement, have you considered how to protect your assets from things like creditors after you pass, or more immediately, from the cost of long-term care while you're alive, should you require long-term care, as one in five people will, statistically? Long-term care in Pennsylvania costs nearly $11K per month in 2020.
If this isn't something you've considered, then this is a podcast you'll want to listen to.
Attorney Brittany Smith and Long-Term Care Planner Tammy Zilske give a comprehensive presentation on the asset protection trust and go over its purpose, how it is funded and administered. Believe it or not, trusts are and can be used by "normal," everyday people, and not just those with a certain level of wealth. Brittany and Tammy discuss the need for trusts and what it protects you from, how this trust differs from other types of trusts, how it protects assets, what taxes have to be taken into consideration when establishing the trust, and more.
This is an audio recording of a virtual seminar originally presented on August 27, 2020. To view a video of the presentation, complete with PowerPoint slides, go to https://www.youtube.com/watch?v=H-3RLoBbLx0