Call to Schedule a Discovery Meeting: (413) 567-5600
ATTORNEY

JOHN L. ROBERTS

Springfield, Massachusetts

Protecting Your Home and Other Assets with an Income Only Irrevocable Trust

To protect your home and other assets from creditors and long term care costs, consider using a Trust agreement to hold ownership of those assets. Trust agreements that do the job of owning and protecting assets must be irrevocable, meaning that you can't change your mind after you have transferred property into the Trust. But the tax and trust laws do allow flexibility about how assets in the Trust are managed and distributed.

 
  • PDF Checklist Probate and Estate Settlement: Estate Assets Checklist and Certification Form
  • The Trust & Estate Planning Calculator we create during your Discovery Meeting
  • PDF Checklist Power of Attorney Selection Checklist
  • Elder Care and Medicaid Planning Website
  • MassHealth Memo on Countability of Irrevocable Trusts
  • Home
  • CO$TS OF SERVICES
  • MEET THE ATTORNEY
  • Avoiding Probate
  • Basics: Will, POA Health Proxy
  • Estate Settlement and Probate
  • Estate Tax Prevention Trusts
  • Irrevocable Trusts
  • Real Estate Buy, Sell, Refi
  • Second Marriage Planning
  • Supplemental Needs Trusts
Martindale
Member of the National Academy of Elder Law Attorneys