Question: Is there a homestead law in Massachusetts? What are the pros and cons to register for homestead? When a house is in a nominee trust with two separate trusts (one for each child) listed as the beneficial interests, does it make sense to register the homestead if only one of the beneficiaries actually lives […]

Question: I have a rental property that I want to put into a revocable trust. For tax purposes, can the rental income and expenses still be reported as me and not the trust? Response: Yes. As long as you are a trustee of your revocable trust, you can use your own Social Security number for […]

Question: If I do a trust, does anything in my life have to change? What if  I appoint two friends to be in charge of the trust? Also, can I  make sure they get compensated from the trust? Response: No, nothing in your life needs to change if you create and fund a revocable trust. […]