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Reply to "Setting up a trust for elder parents. Spoke to 2 estate attorneys and getting different advice."
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[quote=Anonymous]Second atty sounds more on the money, although whether an A/B trust is needed may depend on how valuable the business is, and it doesn't address the question of power of attorney for father if mother predeceases. Is father over 65? I think you have to be under 65 to be eligible for a disability trust, and even then I am not sure how useful it will be for you (main idea is to preserve eligibility for public assistance despite getting a lump sum award or inheritance).[/quote]
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