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While there is lots of information out there on whether people should use a last will and testament or a revocable living trust or a irrevocable trust as the vehicle to transfer remaining assets to their heirs or beneficiaries when they pass away.

One option, however, is to have all three! Some middle class Americans use the properly prepared irrevocable trust to protect assets from nursing home expenses; and they use a revocable living trust to keep complete control over some assets but avoid probate when they die; and they have their pour-over will to cover assets in their name when they die.

For prospective law firm clients who want to schedule a free 30 minute initial phone call with Paul Rabalais, go to: [ Ссылка ]

This post is for informational purposes only and does not provide legal advice. Please do not act or refrain from acting based on anything you read on this site. Using this site or communicating with Rabalais Estate Planning, LLC, through this site does not form an attorney/client relationship.

Paul Rabalais
Estate Planning Attorney

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