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creditor protection Tag

24 Mar

Posted at 12:20h in Estate Planning

The most valuable asset that many own is their home.  However, sometimes creditors sue to collect debts such as credit card bills, medical bills, personal loans, etc.  Bankruptcy can protect your homestead from unsecured creditors – especially if you choose a Texas bankruptcy exemption.  Although...

27 Mar

Posted at 13:27h in Asset Protection, Beneficiary, End of Life Care Planning, Estate Planning, Long Term Care, Medicaid Application, Medicaid Planning, Michael Cohen Dallas Elder Lawyer, Mortgage, Probate Administration, Public Benefits Protection, Special Needs, Special Needs Trust, Taxes, Trusts

Irrevocable trusts (including trusts created within a will as well as irrevocable trusts created within a revocable living trust) give guidelines to a trustee as to how distributions are to be made in accordance with your desires.  Some prefer mandatory distributions (i.e., trustee must give...

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