In today’s day and age, when all legal documents are prepared on a computer, it seems reasonable to assume that all trusts will be more or less the same. After all, attorneys are notorious plagiarists and routinely copy documents from one another. Isn’t one living trust, for example, pretty much the same as another? Absolutely not! In fact, there are major differences – and what you don’t know about the differences can cost you a great deal of money and aggravation.
Don’t feel bad if you haven’t heard of “Return of Premium LTC Plans” because most investors haven’t. “Return of Premium Plans” are largely an unknown IRS-approved financial instrument that allows you to pre-pay for long term care expenses at a highly discounted rate.