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Can a Revocable Trust Shield My Assets from Nursing Home Expenses?

Many retirees go to nursing homes as their needs increase, creating a dilemma for protecting their wealth. A revocable trust places your wealth in a tax-protected vehicle you can control until you die. But, unfortunately, it won't protect assets from … Continue reading → The post Does a Revocable Trust Protect Assets From a Nursing Home? appeared first on SmartAsset Blog.

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Can Revocable Trusts Protect My Assets From Creditors?

Revocable trusts, otherwise known as "living trusts," do not protect your assets from creditors. In fact, they are subject to collections actions and lawsuits, and they are included when third parties evaluate your personal assets. We'll discuss how it works. … Continue reading → The post Do Revocable Trusts Protect Assets From Creditors? appeared first on SmartAsset Blog.

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