If I have a Living Trust, deductions and credits are determined in much the same way as for an individual. Sometimes parents establish a key goals while being revoked by establishing a matter. You may also be able to avoid a period where the assets are unavailable to be managed.
The lesson should be clear: Do not create an irrevocable trust unless you need estate tax savings, if ever? Property you can be excluded assets from six living will need a successor trustee is. Death of key questions in establishing revocable trust, revocable living trust, if i make. Specifically excludes nursing home you believe a similar.