Question: I recently was added to a relative’s mutual fund account as a co-owner. If I were to file for bankruptcy and lost the account, could Medicaid seek a penalty against these funds if [...]

Question: Should my parents give me their home to protect it from Medicaid? Response: Many people wonder if it is a good idea to give their home to their children. While it is possible to do [...]

Question: Is it possible to gift an adult child $15,000 segments of his parents’ S-Corp annually (both parents, so $30,000 a year) in order gradually to give him business control but also [...]

Question: Do you need a lawyer to prepare a durable power of attorney or can you use an online form? Response: Everyone should appoint an agent under a durable power of attorney to step in in the [...]

Question: I have three children, one of whom is an incapacitated adult. I thought of preparing a will, leaving my house to the three children but putting the one third of house in a supplemental [...]

Question: I’ve read that some states have enacted statutes that require financial institutions to honor durable powers of attorney. Do Massachusetts and New York have these statutes? And, I [...]

Question: I’m single, age 71, with no one able or capable to serve as my agent under a durable power of attorney. My concern is what happens if I become mentally incapacitated. I have [...]

Question: I am being sued for defamation. If I lose, is there any way to protect my assets? I own a 49% interest in a business that is a corporation and a 50% interest in a piece of property that [...]