Set up a family trust for us in 2003, and it was revised earlier this year after my wife passed.
My in-laws tell me that I should get my daughter's name put on the mortgage because of what happened to one of their friends.
One of the spouses passed several years ago. The surviving spouse passed, and when their children went to remove their parents' belongings, they could not enter the house because the bank had changed the locks.
The bank informed the children that the house now belonged to the bank because the parents' names were the only ones on the mortgage. Since they were now both deceased, the bank took possession.
My question is:
Does the Family Trust that you set up for my [ deceased ] wife and I protect my children from a situation as described above ?