Because we understand what caregivers sacrifice for those in need
new york can lead
How do things work now?
Looking at things differently as life happens and we age.
Looking at things differently as life happens and we age.
Many people put their homes and other assets into a trust so that they don’t end up in a nursing home and so that its assets are protected when debt collectors come after estates.
In exchange, these trusts create binding situations guaranteeing inheritances, oftentimes decades before one dies regardless of how circumstances change.
Looking at things differently as life happens and we age.
Looking at things differently as life happens and we age.
Looking at things differently as life happens and we age.
What happens when the responsibilities and impacts of caregiving disproportionately fall on one or few? Other beneficiaries may feel the trust ensures their inheritance so they don’t need to step up. Of course the elderly and dying realize this, but currently there’s nothing they could do.
What if there was something they could? Why can’t someone both die with dignity and change their mind based on life’s events?
That’s why we need Caregiver Trusts, which would offer the protections of current trust options but set up a trigger where a beneficiary could appeal their share of an inheritance to an independent board based on how much one helped - or didn’t help - a loved one at the end of life.
We will have more in the coming weeks on a proposed solution. Right now, we are beginning a long overdue conversation.