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Reply to "MIL died with will; FIL has none "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Your FIL needs a trust. Even if he has little money other than the house. [/quote] Unless the FIL has over $12.9 million (or $25 million if he elects to “port” the MIL’s exemption — which he should, btw — get advice from a good tax accountant asap) in assets, he does not need a trust. It’s just more paperwork. If he wants to leave $$ in a trust, he can do so via his will. He does need a will. [/quote] Wrong. He needs a trust to shelter from medicaid. [/quote]
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