Sell Estate Planning Trusts
Asset Protection - The Estate Planning Trust
We have built our retirement nest egg to live on and hopefully pass to our children and grandchildren once we have passed away. One of our concerns is that since my wife and I don't have nursing home insurance, if one of us entered a nursing home, we could lose most of our life savings.
We understand advance planning is important to protect assets. After meeting with our financial advisor we learned that we could put up to $50,000 each into an "Estate Planning trust". This Trust is meant to protect our funds from the nursing home and Medicaid. My wife and I were able to establish an "Estate planning Trust" for $50,000 each. After 60 months, these funds will be excluded from Medicaid Spend-down offering us the peace of mind of asset protection from the Nursing Home.
Now Offer your clients two trust options:
- Estate Planning Trust
- Irrevocable Funeral Trust
The Estate Planning Trust can be up to $50,000 if there is not a Funeral Trust. If you are doing both trusts, then a maximum of $50,000 between the two trusts. *$50,000 per spouse.
The Estate Planning Trust is Irrevocable and subject to a 60 month look-back. Funds are excluded from Medicaid spend-down after 60 months. This trust is for your healthy client that would like to plan in advance.
- No Underwriting
- Issue Ages 0-99
- High Commissions
- Designate a Beneficiary
Increase your sales and help your client protect Assets with advance planning!
*Medicaid Rules vary from State to state, Agent Use only*
**This Trust is currently not available in New York, Vermont, or Maine**
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