Estate Planning

Put Your Parents in Your Will?

By Gregory Herman-Giddens

This article discusses when it might be appropriate to include your parents or grandparents in your will or living trust - generally when you are providing support for them.  In most cases, funds should be held in trust for the elder relatives, to protect the assets and preserve Medicaid eligibility.

Note: The article is written by a Canadian lawyer, so it contains a reference to Canadian governmental benefits.  Otherwise it is applicable to U.S. residents.

Full post as published by North Carolina Estate Planning Blog on August 25, 2009 (boomark / email).