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Parents are setting up a trust to “protect their assets” and naming me trustee – what do I need to be aware of?
Parents are setting up a trust to "protect their assets" and naming me trustee - what do I need to be aware of? My parents are in their mid-late 60s and are still in relatively good health. My mom mentioned in passing that she and my dad will be meeting with their lawyer to talk about setting up a trust to protect their assets from medicare/medicaid in case long term care is ever needed and are naming me trustee, and that she wasn't sure if I'd need to si...
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