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Ultra Trust® Asset Protection Plan
Trustee is Independent
Trustee is independent of you with
the Ultra Trust® asset protection plan
The Ultra Trust® is like leasing a car. You don't own the car, but you get to use the car. You get to pay all the expenses for the car. If it's a business car, you get to tax deduct all the expenses related to the rental of that car. You get to use the car. The Ultra Trust® is essentially that. You reposition your assets from yourself to the trust. You no longer own the asset. If you no longer own the asset, no lawyer is going to take a contingency fee case where he's going to collect 1/3 of nothing. The marketing people are not going to track to see how much money you have so that at dinner time you're going to get a call from the kitchen guy, the window guy, the insurance guy and so forth to interrupt your dinner. You don't own any assets with the Ultra Trust® so all your assets are protected; marketing people won't get any information about you and your wealth.
If you don't own any assets, then you don't have to go to probate because probate is about people that own property, whether you have a will or not. And the Estate taxes which is taxation on what you own (i.e. estate property and other assets) on the date of your death is avoided because you don't own anything. Therefore, you avoid all these headaches. And if you don't have any assets, you also qualify for government services such as Medicaid and you can avoid the Medicaid spend down process when you enter a nursing home.
Continue to read part 5 of 11 on the Ultra Trust® benefits as one of the best irrevocable trust plans for asset protection here: Ultra Trust® Asset Protection Eligible Assets
- Part 1 - Estate Street Partners
- Part 2 - What is the Ultra Trust®?
- Part 3 - What is a Trust?
- Part 5 - Asset Protection Eligible Assets
- Part 6 - Irrevocable Trust Tax Benefits
- Part 7 - What is Probate?
- Part 8 - What is Estate Tax?
- Part 9 - Medicaid Spend Down Rules
- Part 10 - What is the Ultra Trust®?
- Part 11 - Irrevocable Trust Benefits
Rocco Beatrice, CPA, MST, MBA, Managing Director, Estate Street Partners, LLC.
Mr. Beatrice is an asset protection award winning trust and estate planning expert.
To learn more about irrevocable trusts and senior elder care visit:
- Medicare: elder care
- Asset Protection from Medicaid
- Hide My Assets Medicare
- Protect Assets Nursing Home Costs
- Nursing Home Spend-down Program
- Medicaid Estate Planning
Managing Director, Estate Street Partners, LLC
Mr. Beatrice is an asset protection, award-winning trust and estate planning expert.
Estate Street Partners, LLC
Uncompromising, Alternative and Exclusive Estate Planning & Wealth Management for an Accelerated Chartered Roadmap to Financial Success
71 Commercial Street #150, Boston, MA 02109
toll-free: 888-93-ULTRA (888-938-5872)
tel: +1.508.429.0011 fax: +1.508.429.3034
Only by appointment: 2235 E. Flamingo Road, Suite 201-G, Las Vegas NV 89119
toll-free: 888-93ULTRA (888-938-5872)
tel: 702.615.7616 fax: 702.796.6694
