1.
3-:
What Is an
lrrevocable Trust?

2.
Asset Transfer Vehicles
LAW FIRM OF
MARK S. EGH RI
& ASSOCIATES PLL
Elder Law and Estate Planning

3.
There are numerous different ways that
you can facilitate postmortem asset
transfers
L. }’1|<| ()1-
MARK S. EGHRARI
& / .<: ( I ll, ' I’! l(

4.
Trusts are often utilized, and there
are multiple different types of trusts
MA13I; < EGHRARI
Elder Law and Estate Planning

5.
Revocable vs. lrrevocable
LAw FIRM OF
MARK S. EGH RI
& ASSOCIATES PLL
Elder Law and Estate Planning

6.
One basic distnction between trusts
is the power of revocation
MA13I§§§EGHRARI
Elder Law and Estate Planning

7.
You can revoke or dissolve some
trusts, and other trusts cannot be
revoked
MA13I§S§EGHRARI
Elder Law and Estate Planning

8.
I -at 4: 3 PC‘ -“.1 #1‘
311
9“. . o vufi.
VI’ 3 l
2»-. . }
o.
l
l3

9.
When you create an irrevocable
trust, you are surrendering incidents
of ownership
MA13I; < EGHRARI
Elder Law and Estate Planning

10.
As a result, you gain certain
advantages
L. - l’II<. I OI
MARK S. EGHRARI
& / S. '()(’l. llS P! l ('
Elder Law and Estate Planning

11.
Estate Tax Efficiency
LAw FIRM OF
MARK S. EGHRARI
& ASSOCIATES PLLC
Elder Law and Estate Planning

12.
High net worth individuals must
implement estate tax efiiciency
strategies
MA13I; < EGHRARI
Elder Law and Estate Planning

13.
There are a number of different types
of irrevocable truss that can be used to
gain estate tax efficiency
MA13I; < EGHRARI
Elder Law and Estate Planning

14.
Asset Protection
LAw FIRM OF
MARK S. EGHRARI
& ASSOCIATES PLLC
Elder Law and Estate Planning

15.
Asset protection is a high priority for
some people, because we live in a
litigious society
MA13I§ EGHRARI
Elder Law and Estate Planning

16.
If you convey assets into an
irrevocable asset protection trust,
they would be protected from
claimants seeking redress
MA13I§S§EGHRARI
Elder Law and Estate Planning

17.
Medicaid Planning
LAw FIRM OF
MARK S. EGHRARI
& ASSOCIATES PLLC
Elder Law and Estate Planning

18.
People often seek Medicaid eligibility
late in their lives, because Medicaid
pays for long-term care
MA13I; < EGHRARI
Elder Law and Estate Planning

19.
Medicare does not pay for living
assistance
MA131§A§; El¢HRAR1
Elder Law and Estate Planning

20.
Since Medicaid is a need-based
program, you cannot qualify if you
have significant assets in your own
name
MA13I; < EGHRARI
Elder Law and Estate Planning

21.
If you were to convey assets into an
irrevocable lVledicaid trust, they
would not be counted when your
eligibility status was being
determined
MA13I§ EGHRARI
Elder Law and Estate Planning

22.
Informed Planning
LAw FIRM OF
MARK S. EGHRARI
& ASSOCIATES PLLC
Elder Law and Estate Planning

23.
As you can see, irrevocable trusts
can be used to satisfy multipe
different objectives
MA13I§§§EGHRARI
Elder Law and Estate Planning

24.
If you consult with a licensed estate
planning attorney, you can become
apprised of your options and use the
asset transfer vehicle that is right for
you
MA13I; < EGHRARI
Elder Law and Estate Planning

25.
Schedule a Free Estate
Planning Consultation
LAw FIRM OF
MARK S EGHRARI
& Asso TES PLLC
Elder Law an
CIA
d Estate Planning

26.
If you are ready to take action, our
firm can help
L. — l’II<. I OI
MARK S. EGHRARI
& / S. '()( l. ll. ' | ’l l ('
Elder Law and Estate Planning

27.
Contact us at your convenience to set up a
no obligation consultation

28.
Click to visit
myestatep| an. com
:3-
,
l". l1lL. lHl
MARK S. EGHRARI
Contact Information
50 Karl Avenue,
Suite 202
Smithtown, NY 11787
(631) 265-0599
Website
www. myestatep| an. com