What do you mean by “protect the money?” Don’t you think that your daughter would want you to have the best possible care that your assets could buy if you need long-term care in the future?Child: 30 year old single female teacher. Excellent health, not a smoker or drinker. I was looking to protect the money if I have to go into a nursing home...thank you so much for your response.What would the purpose of the trust be? How old is the child? Any issues (under 18, disability, addiction)?$3 million dollar estate. Given NJ has 0% inheritance tax and the Fed In 2024, the first $13,610,000 of an estate is exempt from taxes, do I still need to create a trust for an only child? Thank you.
Statistics: Posted by delamer — Sun Jun 02, 2024 8:02 pm — Replies 6 — Views 346