When it comes to estate planning, most people think about wills, basic trusts, and naming beneficiaries. While those tools are important, they often fail to address the biggest threats to your legacy: long-term care costs, lawsuits, creditors, probate delays, and Medicaid spend-down rules. That’s where the iPug® Protection Trust comes in. Developed by David J. Zumpano, Esq., founder of Estate Planning Law Center, the iPug® Protection Trust is a proprietary irrevocable pure grantor trust designed to offer comprehensive asset protection while maintaining strategic control and flexibility for families and it’s exclusively offered at Estate Planning Law Center. In this article, we’ll break down what the iPug® Protection Trust is, how it works, and why it may be one of the most powerful estate planning tools available today. Understanding the iPug® Protection Trust The iPug® Protection Trust is an advanced form of an irrevocable trust created specifically to protect assets
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Clients often ask us about the estate planning tools we use and what each of them can accomplish. Here is a list of the most commonly used tools and brief descriptions of their purpose. Last Will and Testament This allows you to specify “who gets what” when you pass away. Without your own Last Will and Testament, your assets will be distributed according to state guidelines. A Will also allows you to name guardians for your minor children. This is important because if something happens to you and your spouse, the state will decide who will have legal authority over your minor children. This could very well be a person or institution you would never have chosen to have such authority. Durable Powers of Attorney These allow you to name people of your own choosing to make decisions for you in the event of incapacity. A power of attorney for
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