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DNR or Full Code for Resuscitation?
Aging Well | Last Active: 5 hours ago | Replies (41)Comment receiving replies
@celia16 Ah yes, the lookback - but the trust still holds the assets, they have not gone to beneficiaries yet. Hence the assets are first used for one's support, and the remainder passes to the beneficiaries. One of my best friends is navigating these waters right now, Mom's needs were covered and the last bits will be distributed soon after he is sure all final bills are paid,
Replies to "@celia16 Ah yes, the lookback - but the trust still holds the assets, they have not..."
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@sueinmn Reality, there is much to be sure one understands and not take for granted, even with having an attorney. Reality, mistakes are made by us, doctors and attorneys.
Often a Trust, just as a Will, needs to be amended. That I have had to do several times with the passing of family members , due to life experiences as I went along in life and how many things change with time.
Yes, the assets are yours and counted as yours until it is time to pass the assets onto the beneficiaries or pay the Successor Trustees their fees, if they are entitled to them and if the take them if they are entitled to a fee. Some states have a standard fee.
Up until that time it is still the Grantor/Trustee's money due to being the Beneficiary of the Trust before their death.
Barbara