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It is critical that parents and grandparents give careful thought to any gift of money or bequest in an estate plan, when the recipient has special needs.
Consult an elder care lawyer preemptively, to avoid making a panicked phone call in the moment.
A revocable trust is great for many reasons, but it does NOT protect assets from nursing home expenses.
Adding an adult child to your house deed, or giving them the home outright, might seem like a smart thing to do. It usually isn?t.