One of the hottest planning topics in Elder Law is the irrevocable trust. What are they? What are the tax aspects? What is a grantor trust? Why are they so great and why can they be so dangerous? The issues are complex and involve everything from an understanding of Medicaid, tax, NC trust law, proper selection of fiduciaries, proper funding and how to fix them if something goes wrong. This segment is a great tour of the topic and a good launch pad toward eventual mastery of the topic.