What Type of Living Trusts do provide asset protection?
A. Irrevocable Living Trusts are designed to provide asset protection. Click here for information about Evan Farr’s Living Trust Plus Asset Protection Trust. 25. What is a Living Will? A. A living will, more often called an Advance Directive or Advance Medical Directive, is a document normally incorporated into a Medical Power of Attorney in which you give directions for life sustaining treatment should you become unable to communicate your wishes. Back to top 26. Why is a Living Trust usually better than a power of attorney? A. A Living trust is often recommended to clients as the key document in their estate plan. One reason for this is that the living trust is normally the best method for managing assets during incapacity. A major advantage of the living trust over the power of attorney is that a trustee has actual title to the assets and therefore third parties must deal with the trustee as the owner. An agent does not have title and hence third parties may refuse to deal with the
