Before Agreeing to Serve as Trustee, Carefully Consider the Duties and Obligations Involved—Part 2

 

Last week, we shared the first part of this series explaining the powers and duties that come with serving as trustee. Here in part two, we discuss the rest of a trustee’s core responsibilities. 

 

Being asked to serve as trustee can be a huge honor—but it's also a major responsibility. Indeed, the job entails a wide array of complex duties, and trustees are both...

Before Agreeing to Serve as Trustee, Carefully Consider the Duties and Obligations Involved—Part 1

 

If a friend or family member has asked you to serve as trustee for their trust upon their death, you should feel honored—this means they consider you among the most honest, reliable, and responsible people they know.

However, being a trustee is not only a great honor, it’s also a major responsibility. The job can entail a wide array of complex duties, and you’re both ethically and legally required to effectively execute those functions or face...

MEDICAID

 

When Medicaid recipient dies:

 

Half the median value of the homes in the County goes to family.

 

EXEMPTIONS:

 

Spouse                         1.         Community spouse lives in house

 

Children                       2.         Minor children or handicapped child lives in home

 

Family Member           3.         Family member lives in home who cared for Medicaid recipient for at

Cared For                                least 2 years before Medicaid...

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