• take action: Plan Your Estate
  • Ask a Question

    Ask Harry a Question

    • This field is for validation purposes and should be left unchanged.

    Close
  • Books
  • Podcasts
  • Guides
  • Subscribe

    Subscribe to the Ask Harry blog

    Loading
    Close
Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself.
  • Ask a Question

    Ask Harry a Question

    • This field is for validation purposes and should be left unchanged.

    Close
  • Books
  • Podcasts
  • Guides
  • Subscribe

    Subscribe to the Ask Harry blog

    Loading
    Close

Archives

Monthly Archive for: "October, 2017"
Home /
0
By Harry Margolis
In Long-Term Care Planning
Posted October 27, 2017

Can an Assisted Living Resident Assist Her Grandchildren with College Costs without Running Afoul of Medicaid?

Question: My mother is in assisted living. She has a total of approximately $255,000 cash in the bank, after selling her home and belongings. What are her options for gifting to grandchildren for [...]

READ MORE
 How Can I Protect My Real Estate from Future Medicaid Claims?
0
By Harry Margolis
In Asset Protection, Long-Term Care Planning
Posted October 20, 2017

How Can I Protect My Real Estate from Future Medicaid Claims?

Question: I am 72 years old and in good health at the present time. However I own a piece of land with an estimated value of $1,000,000 but do not own a home or anything else of value. What is [...]

READ MORE
 Does a Trustee or Agent under a Power of Attorney have a Duty to Report to Heirs?
0
By Harry Margolis
In Durable Powers of Attorney, Revocable Trusts, Special Needs Planning, Trustee
Posted October 20, 2017

Does a Trustee or Agent under a Power of Attorney have a Duty to Report to Heirs?

Question: Everything about mom’s assets and estate were kept confidential until after her passing. Can an agent under a durable power of attorney or a trustee (I’m not sure of her [...]

READ MORE
 Can I Depreciate Property that has Been Stepped-Up in Value?
0
By Harry Margolis
In Estate and Gift Taxes
Posted October 20, 2017

Can I Depreciate Property that has Been Stepped-Up in Value?

Question: I own two rental properties and the house I live in, all paid for and depreciated, purchased 40 years ago for a total of $100, 000. Today’s value is about $300,000. My husband [...]

READ MORE
 Does Social Security Does Provide Benefits for Grandchild with a Disability?
0
By Harry Margolis
In Special Needs Planning
Posted October 20, 2017

Does Social Security Does Provide Benefits for Grandchild with a Disability?

Question: My grandson who is 8 years old has Dravet syndrome. How can I give him my benefits after I pass or split some with him while I am alive? Response: I assume you’re talking about [...]

READ MORE
 How Can I Protect My Property for My Sons if I Need Long-Term Care?
2
By Harry Margolis
In Asset Protection, Long-Term Care Planning
Posted October 13, 2017

How Can I Protect My Property for My Sons if I Need Long-Term Care?

Question: I am 72 years old in good health at the present time. However, I own a piece of land with an estimated value of $1,000,000, but do not own a home or anything else of value. What is the [...]

READ MORE
 How Can a Spouse in a Second Marriage Protect Her Assets?
0
By Harry Margolis
In Asset Protection, Second Marriages
Posted October 13, 2017

How Can a Spouse in a Second Marriage Protect Her Assets?

Question: My mother is on a second marriage. What kind of trusts can you set up to protect her money from a previous marriage? Response: The answer depends a bit on what risks your mother is [...]

READ MORE
0
By Harry Margolis
In Asset Protection, Long-Term Care Planning, Second Marriages
Posted October 13, 2017

Can Husband Transfer Assets to Protect Them from Second Wife’s Creditors?

Question: My father is in a second marriage and wanted to gift his money to me to protect it from the debts of his spouse and wife’s family. The plan would be to use this gifted money for [...]

READ MORE
 Transferring House to Child with a Disability
0
By Harry Margolis
In Long-Term Care Planning, Special Needs Planning
Posted October 13, 2017

Transferring House to Child with a Disability

Question: My mother is receiving Medicaid now and wants to transfer her home to her son who is disabled, under 65 years old and has an income of less than $2,000. Can she do this even if she is [...]

READ MORE
Categories
  • Asset Protection (37)
  • Charitable Giving (11)
  • Durable Powers of Attorney (52)
  • Estate and Gift Taxes (69)
  • Guardianship and Conservatorship (10)
  • Health Care Directives (14)
  • Housing and Urban Development (HUD) (1)
  • Irrevocable Trusts (76)
  • Long-Term Care Planning (192)
  • Non-Traditional Families (17)
  • Non-US Citizens (40)
  • Pets (6)
  • Practical Matters (17)
  • Probate (64)
  • Property in Other Countries (6)
  • Real Estate (117)
  • Retirement Plans (25)
  • Revocable Trusts (144)
  • Second Marriages (12)
  • Social Security (20)
  • Special Needs Planning (97)
  • Trustee (55)
  • Vacation Homes (5)
  • Wills (68)
© All Rights Reserved  |  Privacy Policy

Start typing and press Enter to search

Wondering if a trust makes sense for you?

This comprehensive guide provides all you need to know (in plain English).

Get the Book
(An Amazon Prime Reading selection)

Harry Margolis book: The Baby Boomers Guide to Estate Planning

Read Sample Chapters

Wondering if a trust makes sense for you?

This comprehensive guide provides all you need to know (in plain English).

Harry Margolis book: The Baby Boomers Guide to Estate Planning

Get the Book
(An Amazon Prime Reading selection)

Read Sample Chapters

subscribe