Question: Just purchased the book. It’s great so far! Skipping around at different sections of the book that are of interest, but plan to read it, front to back. Just a quick question regarding the transfer of a Quitclaim Deed into a revocable trust that we just created. The Quitclaim Deed includes a statement “For […]

Question: I made a family mortgage loan to my son under my revocable trust. Recently, I amended the mortgage interest rate as market rates fell. I am told that I need to file Form 709 if the difference in total interests over the lifetime of the mortgage exceeds the annual gift tax allowance. Is this […]

Question: I am a permanent resident of the United States. Currently, I am single and thinking to add a beneficiary who is not a U.S. resident. I have called my bank about the same but we can’t add an international beneficiary. Is there any way that I can do that? If not, what is the […]