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A living trust is made to be parceled out on the Beneficiaries following your death on the Trustors. If they are in a nursing home and not able to function, the price for their care emerge of the living trust assets and the Contingent Beneficiaries, those who receive assets upon the death belonging to the Trustor(s), will possibly not get one thing.
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How often will the adviser along with you talk about your portfolio, review your present financial situation and discuss possible situations? Does the adviser initiate these discussions, or do you have to be proactive?