Скачать или смотреть Understanding Asset Protection and Revocable Trusts | SJF Law Group

Lauren Burns, a Senior Associate at SJF Law Group, presents a quick tip video on asset protection and revocable trusts.

Many clients mistakenly believe that revocable trusts offer asset protection, but this is not the case. While revocable trusts don't protect assets while they are in the grantor's hands, they do provide asset protection for beneficiaries.

Interestingly, many assets typically placed into a revocable trust, such as a primary residence (homestead), asset-protected retirement plans, life insurance cash values, and college plans like 529 and prepaid plans, already come with built-in creditor protection.

Although revocable trusts don't offer direct asset protection to the grantor, they are excellent estate planning tools. They provide beneficiaries with creditor protection, avoid probate, and are highly flexible.

For more information on incorporating a revocable trust into estate planning, please call 954-580-3690 or email [email protected].

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