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Strategies & Market Trends : Estate Planning

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To: SI Dave who wrote (11)1/15/2005 1:18:15 PM
From: Cisco  Read Replies (2) of 79
 
Dave, I am setting up a revocable living trust for avoiding probate, to allow for orderly administration of my daily living should I become unable to act upon my own behalf, to allow for property management for my children, and to keep my estate plan confidential after death.

It is my understanding that a revocable living trust cannot be used to shelter assets for purposes of Medicaid eligibility, to provide advance health care directives or to protect assets from creditors.
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