Question: My husband and I have a home in Florida and the deed is registered so that we have a life interest and our two daughters have a remainder interest. I thought we could just use the [...]
Question: We don’t own our house as “joint” tenants; we are co-owners and are listed on our loan papers as co-mortgagors. I’ve read that in Oregon persons who are [...]
Question: I am the sole successor trustee and sole beneficiary of my mother’s Massachusetts grantor trust. She passed away in 2022. Her domicile was Massachusetts. My domicile is Rhode [...]
Question: My mother’s house burned down and she and my brother mismanaged the insurance money, so it wasn’t rebuilt. My fiancee and I would like to rebuild it. We’ve talked with [...]
Question: In Massachusetts, does the schedule of beneficiaries have to be signed by the beneficiaries? Response: Typically, yes. But there’s actually no law on this. So the answer depends [...]
Question: My family has a trust that only holds property in Montana and $1,500 in cash left. The trustee has wasted money over the last four years. One beneficiary wanted to buy the farm and [...]
Question: Would a bank grant a refinancing or line of credit to the mortgage of a house held in a nominee realty trust? There are two people named on the schedule of beneficiaries. Response: [...]
Question: I live in a house that is in joint names with my father and that carries a mortgage. My name is also on the deed but I was ruled to be permanently disabled back in 2003. Will my house [...]
Question: I created a living revocable trust and sold a house that was in the trust. The purchase price was $115,000 and we made improvements which cost $7,800, which brings the cost basis to [...]
Question: You mentioned life estates in one of your answers and how they relate to Medicaid. I’ve also heard about life estates with powers, which do not have all the limitations of life [...]