Balance, Harmony and Elder Law Asset Protection [5 Tips] – Estate Planning Attorney | Gibbs Law – Fort Myers, FL

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The Trustee shall have no right to invade principal of the Trust Estate for the benefit of the Grantor. The Grantor directs that the provisions of section 7-1.6 of the Estates, Powers and Trusts Law of the State of New York shall not be available to require any invasion of principal by the Trustee or any Court.

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But despite its lofty-sounding name, estate planning isn’t reserved just for those who have a lot of money or property. In the eyes of the law, an "estate" is simply all the property individuals own, both outright and jointly-including bank accounts, real estate, stocks and bonds, vehicles, jewelry, retirement accounts and even pets.

The secret to getting the care you want tomorrow? Planning today. People are living longer than ever. But 70% of those over 65 will need long term care at some point. 1 Health insurance won’t pay for it. Medicare and may provide limited coverage but only if you meet certain criteria. long term care insurance, on the other hand, can provide you the coverage you need to live your life on your.

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