Rochester Estate Planning Lawyer on the Importance of Having a Living Trust

  •  There is a cost to a living trust, and it has to irrevocably protect you from Medicaid; a revocable trust will not protect your assets from Medicaid.
  • If you have all your assets in the trust or otherwise have beneficiaries on it, you could completely avoid the probate process,
  • You must fund your trust, it is useless if you do not.
  • This is a very complex area as far as your estate planning, but it’s something to think about as far as preserving your assets.

This educational legal video was brought to you by Robert Friedman, an experienced Rochester Estate Planning Lawyer.