BobKamman
Level 15

How is cheating with a revocable living trust different from cheating with an LLC?

But what if they put their house into an irrevocable trust, for which they are not beneficiaries?  Why use a trust, why not just give it to the kids?  And then hope the kids don't evict them.  Or run over a wealthy lawyer and get sued for all they're worth, including Mom and Dad's house.