Protecting your assets from probate and long-term care : don't let the system bankrupt you and your loved ones
(Book)

Includes bibliographical references and index.

"Have you ever considered the advantages of creating a living trust? In order to help readers protect themselves from both probate and long-term care, Farr delves into the many details one should know when setting up a living trust. He also outlines his Living Trust Plus Asset Protection Trust, which is the only type of self-settled asset protection trust that allows a settler to avoid probate and retain an interest in the trust while also protecting the assets from being counted by state Medicaid agencies. His chapters detail the many subjects involved in the process of avoiding probate and securing assets, including: Joint ownership problems; Special needs planning; How to pay for the nursing home; Why Medicaid planning is ethical; The ten most common Medicaid myths; Finding the right lawyer"--Page 4 of cover.