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The Living Trust Plus™ Asset Protection Trust protects your assets from probate PLUS lawsuits PLUS the catastrophic expenses often incurred in connection with nursing home care. The Living Trust Plus™ is the only type of self-settled asset protection trust that allows a settlor to be trustee and retain an interest in the trust while also protecting the assets from being counted by state Medicaid agencies. Even though the Living Trust Plus™ is irrevocable, you retain a high degree of control over your trust assets because: (1) you can be the trustee if desired; (2) you can retain the right to receive all of the trust income; (3) you have the right to live in and use your real estate; (4) you have the right to change trustees; and (5) you have the right to change beneficiaries.
Evan H. Farr, Certified Elder Law Attorney, is the creator of the Living Trust Plus™ Asset Protection System used by dozens of Estate Planning and Elder Law Attorneys around the country, and is