wealthcounsellors.blogspot.com
Washington Wealth Counsellors' B-LAW-G: Virginia's New Asset Protection Trust
http://wealthcounsellors.blogspot.com/2012/04/virginias-new-asset-protection-trust.html
Friday, April 27, 2012. Virginia's New Asset Protection Trust. Joining Delaware, Alaska, South Dakota and several other states, Virginia has enacted a new law that allows a Virginia resident to set up an Asset Protection Trust. Passed without any opposition, the new code Sections 55-545.03:2 and 55-545.03:3 will be effective July 1, 2012. This is a major change in the law of trusts in general and for Virginia specifically. Qualified Self-Settled Spendthrift Trusts. Old Wine Bottle, Different Taste. There...
everythingelderlaw.blogspot.com
Everything Elder Law: Medicaid Asset Protection: What Works and What Does Not
http://everythingelderlaw.blogspot.com/2012/02/medicaid-asset-protection-what-works.html
Follow Us on Social Media. Monday, February 6, 2012. Medicaid Asset Protection: What Works and What Does Not. By Evan Farr, Certified Elder Law Attorney. This article was posted by ElderLaw Answers. 8220;Self-Settled Trust” Defined. Section 505(a)(2) of the Uniform Trust Code states that “with respect to an irrevocable trust, a creditor or assignee of the settlor may reach the maximum amount that can be distributed to or for the settlor’s benefit.”. Offshore Asset Protection Trusts. Subject to certain ex...