Cornerstone Estates’ Safeguard Trust Offers Comprehensive Asset Protection and Medicaid Planning for All
In a captivating episode of the Cash Flow Hacks podcast, host Chris Quintana and co-host Stephanie Georgakopoulos welcomed Jim Seifrid, the owner and founder of Cornerstone Estates, to discuss the game-changing Safeguard Trust. This innovative estate planning solution is reshaping the way individuals and families protect their assets and prepare for potential long-term care needs.
“The Safeguard Trust is a true hybrid that combines the benefits of a revocable living trust and an irrevocable trust,” explained Jim Seifrid. “It offers unparalleled asset protection, Medicaid planning, and control over your assets – all at a fraction of the cost of traditional estate planning options.”
Seifrid, a veteran in the estate planning industry with over 31 years of experience, developed the Safeguard Trust after recognizing the shortcomings of traditional revocable living trusts. “Many people mistakenly believe that a revocable living trust provides asset protection, but that’s simply not the case,” he said. “With the Safeguard Trust, our clients can rest assured that their assets are shielded from potential creditors and Medicaid spend-down requirements.”
One of the key advantages of the Safeguard Trust is its ability to qualify clients for Medicaid benefits without the need to spend down their entire life savings. “Medicaid is often perceived as a program only for the poor, but the reality is that seven out of ten people will require long-term care in their lifetime,” Seifrid noted. “The Safeguard Trust allows our clients to preserve their assets and still access Medicaid coverage when needed.”
Additionally, the Safeguard Trust offers unique features that set it apart from traditional irrevocable trusts. “With the Safeguard Trust, our clients can serve as the trustee, granter, and beneficiary – maintaining full control over their assets,” Seifrid explained. “This hybrid structure also ensures a step-up in basis for the trust’s assets, minimizing potential capital gains taxes for their heirs.”
“Jim’s passion for helping people protect their hard-earned assets is truly inspiring,” said Chris Quintana. “The Safeguard Trust is a game-changer in the world of estate planning, and we’re thrilled to have him share this innovative solution with our listeners.”
To hear the full episode and learn more about the Safeguard Trust, listeners can tune in to the Cash Flow Hacks podcast, available on all major streaming platforms. For those interested in exploring the Safeguard Trust further, Cornerstone Estates’ nationwide network of representatives is ready to assist.
“The Safeguard Trust is not just for the wealthy,” Seifrid concluded. “It’s a solution that can benefit individuals and families of all income levels, empowering them to protect their assets and ensure their loved ones are cared for, no matter what the future holds.”
To connect with Chris, visit https://calendly.com/cqconsulting/roth-conversion-consultation
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