Ep 34 Mastering Elder Law: The Role of Irrevocable Trusts in Asset Protection and Medicaid Planning

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Embark on a journey through the complex landscape of Elder Law with me, Todd Whatley, as your guide. Together we'll uncover the benefits and drawbacks of Irrevocable Trusts, a critical tool in asset protection. This episode promises to illuminate the path for safeguarding your clients' assets from Medicaid, while carefully considering the irreversible sacrifices that come with it. You'll gain insights into the delicate balance of asset protection, especially when handling family treasures like farms, and learn when to implement these trusts or when to proceed with caution.

As we navigate the nuanced strategies of estate planning, I'll share my perspective on why long-term care insurance is not just an option, but a cornerstone in protecting assets during the trust's look-back period. In addition, I'll debunk some dangerous myths surrounding asset protection tactics – think twice before you advise a client to pursue divorce as a strategy! For those eager to deepen their expertise in Elder Law, I extend an invitation to join my coaching program, where we can grow and learn from one another. Tune in for a masterclass in the art of Elder Law and take a giant leap towards becoming a trusted advisor in this rewarding field.

Check out our new website www.TheElderLawCoach.com.