Living Trusts for those with Chronic Illnesses

Although revocable living trusts are nearly ubiquitous in estate planning, their typical use is to minimize ancillary probate or to avoid probate entirely.  Whatever the merit and value of these applications, a properly crafter and planned revocable trust can be an indispensable technique to provide a protective financial and personal shield  for the large and growing number of clients facing the challenges of a chronic illness, disability, or other health issue.  The statistics demand that practitioners give greater attention to tailoring whatever planning and documentation that they normally would create with revocable trusts to the specific needs of clients facing these challenges.

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