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However,in some cases it might make more sense to have another family member,friend or trusted advisor who is more financially savvy act as the agent This analysis uses similarly to judgments coming from Florida,judgments entered in other states tape-recorded in Florida pursuant to the UniFirm Enforcement of Foreign Judgments Act,see Haigh v steveblisslaw com Consider A Health Care Power of Attorney.
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This is called a “zeroed-out GRAT.
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An irrevocable trust can safeguard your assets if you work in a profession that puts you at danger for certain claims- or perhaps if you do not.