Suze Orman
π€ SpeakerAppearances Over Time
Podcast Appearances
It absolutely should be in a living revocable trust with the must-have documents, given that she already has them.
just held in her name.
You should be the successor trustee of the trust.
So if she becomes incapacitated, if something happens to her, then you simply take over as the trustee, and then you can manage everything for her.
But that is the most stupid advice I have ever heard coming out of a more stupid title person.
All right.
Pisses me off.
Does anybody realize that the damage that's done from people who don't know, yet they think they know, you're not wealthy enough for a trust?
Like, what the hell is that about?
Like, is there a dollar amount that you can put on incapacity and taking care of one another and on and on and on?
Really, everybody?
Oh, God.
Anyway, go on, KT.
Just go on.
What should we do?
Yeah, it's not the trust that impacts it.
It's the amount of money that you have.
And so a lot of you think that if you just did an irrevocable trust, then it's out of your mom's name, then she'll qualify for Medicaid because that's just what you're all thinking for some reason.
So I want you to go back.
I think it's either last week or the week before.