Answers on Aging

Episode 32: What are the Top 10 Tips for Trusts?

By Todd Whatley & Sara Scott


1.Not everyone needs one
2.No tax advantage nor disadvantage w/ IRS…until death…& over lifetime exemption
3.Sole Purpose: avoid probate w/ a complicated distribution
4.Helps avoid guardianship &/or conservatorship
5.Must have multiple successors
6.Can limit decision makers to specific people (large families)
7.Can provide for unequal distribution
8.Protects assets for beneficiaries who are not good w/ $, drug addict, or minor children, etc.
9.Protect assets for beneficiaries from Bankruptcy, Divorce, & Law Suits
10.Does NOT protect you from Medicaid
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Todd Whatley & Sara Scott

Sara Scott is a licensed Nursing Home Administrator and consultant to attorneys regarding nursing home issues and also works with families to find the best level of care for their needs. She has worked with countless seniors and their families since 2008 in various capacities and has a sincere motivation for helping those individuals achieve the best quality of life possible. Todd Whatley is a Certified Elder Law Attorney with 20+ years of experience and is past President of the National Elder Law Foundations the governing organization over all Certified Elder Law Attorneys nationally. He has worked with thousands of families helping them plan for the future and get the care they need without losing everything they have to pay for care. Todd and Sara also have a live weekly local radio show on, every Wednesday morning, from 9am-10am, Central Time, and would love for you to check it out!

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