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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.
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Archives

Monthly Archive for: "October, 2018"
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 Would Bankruptcy Affect Medicaid Eligibility of Co-Owner of Account?
0
By Harry Margolis
In Long-Term Care Planning
Posted October 26, 2018

Would Bankruptcy Affect Medicaid Eligibility of Co-Owner of Account?

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 [...]

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 Should My Parents Give Me Their Home?
0
By Harry Margolis
In Long-Term Care Planning
Posted October 26, 2018

Should My Parents Give Me Their Home?

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 [...]

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 How Do We Gift Our Company to Our Son?
0
By Harry Margolis
In Estate and Gift Taxes
Posted October 19, 2018

How Do We Gift Our Company to Our Son?

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 [...]

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 Should You Use an Online Power of Attorney Form? Yes and No
2
By Harry Margolis
In Durable Powers of Attorney
Posted October 19, 2018

Should You Use an Online Power of Attorney Form? Yes and No

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 [...]

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 Can My Son’s Special Needs Trust Own a Share of My House?
0
By Harry Margolis
In Special Needs Planning
Posted October 12, 2018

Can My Son’s Special Needs Trust Own a Share of My House?

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 [...]

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 Which States have Laws Requiring Financial Institutions to Accept Durable Powers of Attorney?
2
By Harry Margolis
In Durable Powers of Attorney
Posted October 12, 2018

Which States have Laws Requiring Financial Institutions to Accept Durable Powers of Attorney?

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 [...]

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 How Best Can I Arrange for Financial Management if I’m Single?
0
By Harry Margolis
In Durable Powers of Attorney, Non-Traditional Families, Revocable Trusts
Posted October 5, 2018

How Best Can I Arrange for Financial Management if I’m Single?

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 [...]

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 How Can I Protect My Property if I Lose a Lawsuit?
0
By Harry Margolis
In Asset Protection
Posted October 5, 2018

How Can I Protect My Property if I Lose a Lawsuit?

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 [...]

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Categories
  • Asset Protection (37)
  • Charitable Giving (11)
  • Durable Powers of Attorney (52)
  • Estate and Gift Taxes (69)
  • Guardianship and Conservatorship (9)
  • Health Care Directives (14)
  • Housing and Urban Development (HUD) (1)
  • Irrevocable Trusts (76)
  • Long-Term Care Planning (190)
  • Non-Traditional Families (17)
  • Non-US Citizens (40)
  • Pets (6)
  • Practical Matters (17)
  • Probate (62)
  • Property in Other Countries (6)
  • Real Estate (114)
  • Retirement Plans (25)
  • Revocable Trusts (144)
  • Second Marriages (12)
  • Social Security (20)
  • Special Needs Planning (96)
  • Trustee (55)
  • Vacation Homes (5)
  • Wills (67)
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This comprehensive guide provides all you need to know (in plain English).

Harry Margolis book: The Baby Boomers Guide to Estate Planning

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(An Amazon Prime Reading selection)

Read Sample Chapters

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