1. Protection from Creditors: Trust and Estate Planning provides a solid shield against potential creditors and lawsuits. By placing assets in a trust, they are no longer considered personal property, and usually after five years they cannot be siezed even in the event of a tax levy or other judgment.

2. Protection from Huge Medical Bills: Provided the five year look-back period is met, Medicaid cannot consider assets you have transferred to a trust when considering whether to pay your medical bills. They will pay, and if you die, they will not be able to go after your estate for the money, so they will not be able to force your house to be sold before it can be distributed to your heirs.

3. Minimizing Estate Taxes: Proper planning can significantly reduce the amount of estate tax payable upon death, thereby preserving the value of the estate for the heirs.

4. Reducing Probate Hassles: Assets held in trust bypass the probate process, saving time, court fees, and potential legal challenges.

5. Ensuring Business Continuity: For those with business interests, a trust can provide a clear succession plan, ensuring smooth transition and business continuity.

6. Providing for Family and Loved Ones: A specific successor trustee may be named for each trust, ensuring loved ones control what you want them to control. For minors or loved ones who you do not wish to pass control but only benefit, you can name another trustee.

7. Charitable Giving: Trusts can be an effective vehicle for charitable giving, allowing you to support the dreams of anyone you choose, not just family members.

8. Privacy: Unlike wills, trusts are not public documents and can provide a level of privacy.

9. Control over Assets: Trusts allow you to designate who controls your assets after death or incapacitation.

10. Peace of Mind: Perhaps the most significant benefit of all, knowing that one's financial affairs are in order, brings peace of mind.

Good Steward Trusts, based in Taos, NM, assists with all these benefits and more. Our experienced team is dedicated to creating personalized asset protection plans and documents to safeguard your wealth. We understand the unique challenges faced by American Breadwinners, and we provide tailored solutions to meet these needs. Choose Good Steward Trusts for your Trust and Estate Planning needs and experience the peace of mind that comes from knowing your wealth is well-protected.

Contact us today to learn more about how we can help protect your wealth.