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2. Can an Irrevocable Trust Help You Protect Your Wealth from ...

   www.aol.com/guard-assets-nursing-homes-using...

   An irrevocable trust is not the only tool available to help with nursing home costs. Here are some of the alternatives: Long-term care insurance can cover some or all nursing home costs without ...

3. How Can I Shield My Assets from Assisted Living Expenses? - AOL

   www.aol.com/revocable-trust-protect-assets...

   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 ...

4. How to Protect Assets From Nursing Home Costs - AOL

   www.aol.com/finance/protect-assets-nursing-home...

   Here are five common ways to protect assets from nursing home costs: Buy long-term care coverage. Long-term care insurance is specifically designed to help you cover the costs of nursing home care ...

5. Estates and Wills: Should You Set Up a Revocable or ... - AOL

   www.aol.com/estates-wills-set-revocable...

   An irrevocable trust removes assets from your estate, which means your heirs won’t pay estate taxes on it. However, irrevocable trust assets may be taxed at a different rate.

6. Medical Costs in Retirement: Can a Nursing Home Take Our ...

   www.aol.com/finance/nursing-home-savings-250k...

   Besides special trusts, options like long-term care insurance, home equity lines of credit, Medicaid annuities and gifts to family can also help reduce countable assets and/or pay for long-term ...

7. Grantor retained annuity trust - Wikipedia

   en.wikipedia.org/wiki/Grantor_retained_annuity_trust

   A grantor transfers property into an irrevocable trust in exchange for the right to receive fixed payments at least annually, based on original fair market value of the property transferred. [2] At the end of a specified time, any remaining value in the trust is passed on to a beneficiary of the trust as a gift. Beneficiaries are generally ...

8. Are Nursing Home Expenses Tax-Deductible? - AOL

   www.aol.com/finance/nursing-home-expenses-really...

   You may be able to deduct costs for a nursing home from your taxes under certain circumstances. The expenses have to be for you, your spouse or a dependent. If this person is in a nursing home ...

9. Charitable remainder unitrust - Wikipedia

   en.wikipedia.org/wiki/Charitable_remainder_unitrust

   A charitable remainder unitrust (known as a "CRUT") is an irrevocable trust created under the authority of the United States Internal Revenue Code § 664 [1] ("Code"). This special, irrevocable trust has two primary characteristics: (1) Once established, the CRUT distributes a fixed percentage of the value of its assets (on an annual or more frequent basis) to a non-charitable beneficiary ...