My grandmother passed last June. When my grandfather died in 1986 she planned ahead and had her attorney arrange a "living trust."
Basically, her two daughters were added to the deeds but she maintained control during her lifetime. None could mortgage, sell or transfer. The benefit was that this real property was excluded from her estate. In the last years of her life it wasn't considered an "asset" with regard to Medicare benefits. Upon her death it passed directly to the two daughters. Probate was a simple matter in that as all of her final expenses were paid the liquid assets were divided. Her greatest concern was that she might end up in a nursing facility, the expense of which might exhaust her resources and consume the property. She wanted to shelter the value of the real property should that have been the case. _______________________________________ http://www.okiebenz.com For new parts see official list sponsor: http://www.buymbparts.com/ For used parts email [EMAIL PROTECTED] To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
