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Reply to "How to move items into a trust??"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why should we remove name from bank account? My mother added me just in case she was incapacitated. Trying to plan as well.[/quote] If you get sued, your mom’s money will be at risk. Same with divorce. If you want to apply for Medicaid for her or financial aid for any kids, this can cause issues. And other things. [/quote] This is misinformation potentially. I suspect the trust that was created is a revocable trust. That's not going to protect anything from creditors and Medicaid will not view it differently. OP, what do you mean "the names are on their bank accounts"? Are you signatories? Or owners? I am not sure why you want to move the assets into a trust if you already have the ability to control the account.[/quote]
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