The problem is that the fiduciary also has a responsibility to the beneficiary if i understand what i have read. But the purpose of the LTC is that they have $ for about 6years when unable to care for themselves( now herself). in home care 24/7 LTC only pays $260.00 a day. (as if mom was in a good facility) ($6,000.00 a month). mom has at least $18,000.00 a month in care giving alone. not to mention bill etc..with all people in home and caring and paying for all's food etc..,and fiduciary bill and now her trustee bill of $ at least $500.00 mo. She has not given us an estimate after our meeting on nov.16th 2012."which we have requested. what I read is the fiduciary has to respect the trust (mom) and do the wishes that she had....but at this rate mom will live at home for? and all depleted then after selling home what and how will it be paid?
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what I read is the fiduciary has to respect the trust (mom) and do the wishes that she had....but at this rate mom will live at home for? and all depleted then after selling home what and how will it be paid?
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