A revocable living trust helps avoid probate, ensures privacy, and provides continuity if you’re incapacitated. But it doesn’t protect assets from lawsuits or help with Medicaid eligibility. It also doesn’t reduce taxes. To fill those gaps, consider an umbrella liability policy for asset protection and long-term care insurance for nursing home costs. A trust is a great start—but a complete plan requires more.

Introduction One topic that comes up very often during initial meetings with clients is whether or not they have a will or trust set up....

Life is filled with moments of change — from marriage and the birth of children to purchasing a new home or losing a loved one. Along...