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Reply to "Do you know how much is in the family trust?"
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[quote=Anonymous][quote=Anonymous]OP, you just need to assume the amount you will get is zero. It's possible they will spend it all on end of life care. Yes, I do know what is in my parents' estate and trusts, but that is because they were sliding towards dementia and I am a lawyer and saw the writing on the wall and got involved and made sure all the paperwork was right. if they are mentally competent and have done their estate planning, just ask who their lawyer is and where they keep their will.[/quote] When my parents died, we discovered $5M was in their trust all told. You would have never guessed there was that much there given the frugal way they lived. Although, the frugalness probably allowed them to save that much. But to answer OP’s question, I did not find out how much was in the trust until last parent received a terminal diagnosis and was getting things in order.[/quote]
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