Can My Parent Control Their Home After Putting It in a Trust? | NC

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Q: Can my parent keep control of their home after putting it in a revocable trust? A: Yes. A parent can usually keep control by serving as the initial trustee and retaining the right to amend or revoke the trust. Depending on the trust terms, the parent may continue living in the home, maintaining it, refinancing it, leasing it, or selling it. The trust should clearly state these retained…