Estate planning for parents
One of my parents is beginning to show symptoms of HD. Both are in their early 60s and fully own their house.
I proposed an irrevocable trust to them (with my sibling and I as beneficiary) to ensure that if my HD parent ever has to enter a facility, the home can never be in jeopardy and other parent can continue to live there until they pass.
Does anybody have experience with this? Is this better than just putting the home into my name? Any tips are appreciated.