Short Form What an Irrevocable Trust Actually Does for Your Assets

LEGACY INVESTMENT SERVICES

YouTube Short Script  |  June 2025  |  Week 3 - Short 7

TITLE: What an Irrevocable Trust Actually Does for Your Assets

ADVISOR: Jordan Cassiani

RUNTIME: 55-65 seconds

FORMAT: Vertical 9:16, tight on-camera, no cuts

CTA: Link in bio for complimentary retirement income analysis

Securities and advisory services offered through Osaic Wealth, Inc., member FINRA/SIPC. Legacy Investment Services and Osaic Wealth are separate entities. Content is for educational purposes only. Not investment, tax, or legal advice. All scenarios are hypothetical illustrations.

SCRIPT

There are two kinds of trusts and they do very different things. A revocable trust, you can change it, revoke it, take assets back. An irrevocable trust, once assets go in, they are no longer considered yours.

That second part is exactly why irrevocable trusts are used for asset protection. If an asset is no longer legally yours, it cannot be counted against you for Medicaid eligibility. It cannot be reached by certain creditors. And in some structures it is removed from your taxable estate.

The trade-off is real. You give up control. You cannot change your mind and take the money back. For most people, that is a significant psychological and practical hurdle.

The most commonly used form in retirement and long-term care planning is a Medicaid asset protection trust. You transfer assets, typically a home or non-retirement investments, into the trust. After five years have passed, those assets are protected from the Medicaid spend-down requirement.

You may still be able to live in a home placed in the trust and receive income from assets inside it. But the principal itself is protected and out of your countable assets.

This is not for everyone, but for the right situation it is one of the most effective legal tools available. Link in my bio.

PRODUCTION NOTES

Clear distinction between revocable and irrevocable up front is essential. Deliver the trade-off honestly, not dismissively.

Legacy Investment Services  |  Jordan Cassiani  |  Legacy - What Irrevocable Trust Does - Short - Week 3