About eighteen months later, I learned of Mrs. Banks' death. I do believe that a broken spirit and a broken hear--brought about by loss of control over her own property--seriously contributed to her downfall. It was doubly sad to discover that if she'd been able to sign the revocable living trust I had prepared for her, Mrs. Banks' daughter could took over the management of her mother's property. When Mrs. Banks had recovered sufficiently, the daughter often have turned the property or house back to her mother's charge.
As long as the husband and wife are alive might the primary beneficiaries and documents specify that the trust is primarily installing for their benefit as long as they live as well as is why they call it a "LIVING TRUST".
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Further, just like the initial Trustee of the Living Trust, assets cannot arbitrarily be given away if they were earmarked factored in the Depend on. This means the Trustors cannot give the residential property to the nurse that taking good care of them while everyone else awaits the funeral bulletin. The Beneficiaries can sue, and get the property back. Not necessarily that, but caregivers cannot, by law, accept any gifts.
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