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Tag Archives: irrevocable trust

Can you change an irrevocable trust? Read more to find out.

3 Examples of When an Irrevocable Trust Can—and Should—Be Modified

By Andre O. McDonald |

A frequently asked question that we receive is: “Can you change an irrevocable trust?“ You may be surprised to find out that YES, they can indeed be modified. If you did not know this, you are not alone. The name lends itself to that very misconception. However, the truth is that changes in laws,… Read More »

As long term care insurance has become unaffordable for many

Creative Financial Approaches to Long-Term Care Planning

By Andre O. McDonald |

Long term care insurance was sold aggressively in the 1980’s, 90’s and thereafter to offset the costs of seniors needing to live in a nursing home or assisted living facility, or needing at-home health care. Now, however, the business of long term care insurance has dramatically changed. What was once over 100 insurers providing… Read More »

How to Control Your Nest Egg in a Second Marriage using a Lifetime QTIP Trust

How a Lifetime QTIP Trust Protects Your Nest Egg in Second Marriages (and Beyond)

By Andre O. McDonald |

Estate planning for couples in a second or later marriage who have disproportionate estates can be tricky. To avoid second marriage inheritance issues, one solution for allowing the well-to-do spouse to maintain control of their assets but keep their other half happy is the Lifetime QTIP Trust. The Basics of Creating a Lifetime QTIP… Read More »

What powers does a trust protector need?

3 “Super Powers” Every Trust Protector Should Have

By Andre O. McDonald |

Today, many estate plans in Maryland contain irrevocable trusts that will continue for the benefit of a spouse’s lifetime, and then for the benefit of several generations.  Since these trusts are designed to span multiple decades, it is important that they include a trust protector who will have the ability to adjust the trust… Read More »

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