206 11th Street NE
Atlanta, GA 30309
We Create Trusts to Meet Your Individual Goals
At Pollan Elder & Disability Law, we use a variety of trusts to achieve our clients’ financial and estate goals. Trusts are legal documents that allow a third party, a trustee, to hold and direct assets in the trust on behalf of a beneficiary. These instruments can be used to provide benefits like shielding your financial assets from losses due to liability, taxation, and even Medicaid estate recovery, so your heirs can keep more of what you pass down to them.
There are several types of trusts that can be used, depending on your situation. We can help you select the best type of trust to achieve your goals.
At Pollan Elder & Disability Law, we handle:
- Special Needs Trusts – If someone in your family has a disability or special needs, this type of trust can be used to help meet future financial needs.
- Credit Shelter Trusts – Also called bypass or family trusts, credit shelter trusts allow a grantor to place enough wealth in a trust for heirs so that the grantor can pass down the remainder of their wealth via a will that does not trigger an estate tax. The assets in the credit shelter trust are not subject to estate tax.
- Qualified Income Trust – A QIT (also referred to as a “Miller Trust”) is a type of income trust that is used to qualify individuals for Medicaid. If a person’s income is over the Medicaid limit, a QIT will be necessary for that person to qualify to receive Medicaid benefits.
- Qualified Personal Residence Trusts – A QPRT prevents the value of a grantor’s primary residence or vacation home from being added to their estate. Establishing a QPRT may help avoid triggering the estate tax later on.
Trusts are flexible instruments. Pollan Elder & Disability Law can help you create one that meets your unique needs.