Question: I just have three nominee trusts set up to hold rental properties. Not all major banks in Massachusetts provide realty trust bank accounts. So can I continue to use my own personal bank account to conduct rental business like before? Does the IRS allow it? If not, do I need three different tax identification […]

Question: I have a non-retirement account at Fidelity with my name on it and the beneficiary is the Robinson Crusoe family trust. Can I put my companion, Friday, on the account as well and then his portion (1/3) would be free from the state taking a portion if I had to go in a nursing […]

Question; What is a standard trust protector fee? Is it paid every year or only when the protector’s services are requested? Response: Typically trust protectors are either family members or close friends who are not paid. Some attorneys also serve in this capacity, in which case they are paid when and if they have to […]