I went through this process with my folks. They setup a trust and have certain accounts and properties tied to it. It's basically setup so that, if they are on medicare and face mounting medical bills, the government can't go after their house or belongings. It's for asset protection. A will was also setup but the trust is actually more important IMHO
I went through this process with my folks. They setup a trust and have certain accounts and properties tied to it. It's basically setup so that, if they are on medicare and face mounting medical bills, the government can't go after their house or belongings. It's for asset protection. A will was also setup but the trust is actually more important IMHO
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