Parents are setting up a trust to "protect their assets" and naming me trustee - what do I need to be aware of? - My parents are in their mid-late 60s and are still in relatively good health. My mom mentioned in passing that she and my dad will be meeting with their lawyer to talk about setting up a trust to protect their assets from medicare/medicaid in case long term care is ever needed and are naming me trustee, and that she wasn't sure if I'd need to sign anything.
I know this was a massive headache with my grandparents and their end of life care, but I was too young to know/be involved with the financial stuff happening in the background.
What do I need to be aware of as far as being a trustee for my parents' assets? What questions do I need to ask, what professionals do I need to work with?
I get the sense that they don't fully know yet either, which is why they're talking to their lawyer.
Berkshire is hoarding so. much. cash.
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
#ASX:ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
