Question: I inherited lake shore property (vacant land–no house) that I am now selling. How do I figure the capital gains on the sale? Response: The capital gain will be the difference between the value on the date of death of the person from whom you inherited the property and the proceeds you receive after […]

Question: We recently sold my father’s home which was in a trust. My sister lived with my father from the 1990 until my father died in 2005, and continued to live at the property until 2022 when the property was sold and the trust dissolved. The funds were distributed to all the brothers and sisters. […]

Question: My mother had a reverse mortgage and she went into a nursing home and received Medicaid for no more than 7 months before she passed away. Now, I have received a letter from the state of New Jersey regarding the Medicaid she received, asking about her assets. All of the information regarding bank accounts […]