Question: My grandmother left a trust and will when she passed. My father is in charge of the trust finances and real estate. The will states that he cannot sell the property in the trust, but he [...]
Question: Does the trustee of an irrevocable trust pay income tax on the fee they charge the trust? Would that fee then be a deduction from trust income? Response: Yes on both counts. Fees earned [...]
Can Wife of Medicaid-Covered Nursing Home Resident Sell Rental Property and Give Proceeds to Children?
Question: My husband has been in a nursing home for two years already. I need to sell 5 rental homes that I cannot manage and don’t want any more. Can I sell them, they are on my name? Can [...]
Question: If a grandfather provision implemented, should the current five-year look-back period for Medicaid transfers be extended? If you’re four years into a plan, and the law changes to [...]