Contact Doug Koenig Law for Trust Planning:

Do you need a trust?

Do you need or desire a trust for your children or parents to be established?

Do you have a special needs child, or parent, who currently receives public benefits?

Trusts

There are many kinds of trusts useful in planning. Some even work in crisis mode.

• Special needs trusts - useful to protect the beneficiary from receiving a large sum of money (such as from an inheritance or settlement) which makes them ineligible for further aid from Medicaid. Placing the funds into a special needs trust protects the funds and the person.
• Revocable trusts - Funds and assets can be placed into a revocable trust that provides control of assets, but prevents them from going through probate and also avoids making your assets public. This type of trust does not protect funds from Medicaid.
• Irrevocable trusts - This type of trust makes funds unavailable for control by the creator of the trust but it also is be best way to protect assets from being consumed by Medicaid. It also can create options for VA benefits. It is important to create a proper trust... one mistake will make it useless.

Your preliminary consult is free, so, give us a call, and see what we can do for you!

Contact Doug Koenig at 919-883-2800, or Email Me

Contact Andrew Bullard at 919-228-9130

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Last Update: October 7, 2013