Answers To Common Questions About Asset Protection Planning

It is impossible to fully understand some advanced topics merely by listening to one podcast episode. Most listeners have questions about each episode and, possibly, feel frustrated that they cannot clarify specific questions in their minds. Taken from BoomX Academy weekly Office Hours, this episode presents the questions asked during the live session of Episode 38. If you had lingering questions about probate, living trusts, Sposual Protection Trusts, and Medicaid liens, this is the episode for you. In particular, the following questions are answered:

Question 1: What is the difference between a Spousal Protection Trust, and a Medicaid Asset Protection Trust?

Question 2: If you create a Medicaid Asset Protection Trust, do you have control over the money? Do you pay your own bills?

Question 3: How do Medicaid liens and penalties work? What is the five-year rule?

Question 4: Why is Puerto Rico so loud?

Question 5: When you create a trust, are you required to declare the purpose and intent of a trust?

Question 6: What is the best document to lay out your asset protection/retirement plan?

Question 7: Why does probate get such a bad rap?

The entire presentation that constitutes 38 and 39 was published on YouTube. Here is the link. https://youtu.be/cJSnbhwrcqI

The Nest Egg Course can be found at boomx.biz.