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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: "April, 2019"
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 What is the Difference Between Per Stirpes and Per Capita Distribution?
0
By Harry Margolis
In Probate, Revocable Trusts, Wills
Posted April 26, 2019

What is the Difference Between Per Stirpes and Per Capita Distribution?

Traditionally, estates have been passed down by per stirpes descent. More recently, this system has been replaced by the per capita by each generation system. Only an estate planning attorney can [...]

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 What Should Doctors Know About Legal Incapacity?
0
By Harry Margolis
In Durable Powers of Attorney, Wills
Posted April 26, 2019

What Should Doctors Know About Legal Incapacity?

Question: I am the social worker at a medical clinic and our doctors are frequently told by patients that their lawyer, neurologist, or someone else told them to have the PCP determine capacity [...]

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 Are Small Gifts Exempt from Medicaid Transfer Penalties?
0
By Harry Margolis
In Long-Term Care Planning
Posted April 19, 2019

Are Small Gifts Exempt from Medicaid Transfer Penalties?

Question: Does Massachusetts allow individuals to give $500 a month to a daughter without being in violation of the Medicaid look back period? Is it better to give this with a check or cash? [...]

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 How to Deal with a Troublesome Trust Beneficiary
0
By Harry Margolis
In Revocable Trusts
Posted April 19, 2019

How to Deal with a Troublesome Trust Beneficiary

Question: I am trustee for two trusts with my brother as beneficiary. The trusts require that I distribute 3% of the combined trusts’ value each year with discretion to distribute more. He [...]

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 How Does Timing Affect Gifts and State Estate Taxes?
0
By Harry Margolis
In Estate and Gift Taxes
Posted April 16, 2019

How Does Timing Affect Gifts and State Estate Taxes?

Question: I have 3 questions about the timing and documentation of gifting: 1. If gift checks were written in 2018, but not cashed until 2019, in what year are they counted? 2. If gift checks [...]

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 Who Should Serve as Professional Trustee of Special Needs Trust?
0
By Harry Margolis
In Special Needs Planning, Trustee
Posted April 12, 2019

Who Should Serve as Professional Trustee of Special Needs Trust?

Question: We have a Supplemental Needs Trust for our older son (25 years old). We have named a younger son (23 years old) as the trustee and a friend (60 years old) as a co-trustee that our [...]

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 How Are My Trust Distributions Taxed?
2
By Harry Margolis
In Special Needs Planning
Posted April 12, 2019

How Are My Trust Distributions Taxed?

Question: I am a remainder beneficiary of an irrevocable Special Needs Trust. The beneficiary has died and I will get my share of the final disbursement. I have been told that much of the trust [...]

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Categories
  • Asset Protection (34)
  • Charitable Giving (10)
  • Durable Powers of Attorney (44)
  • Estate and Gift Taxes (56)
  • Guardianship and Conservatorship (5)
  • Health Care Directives (13)
  • Irrevocable Trusts (52)
  • Long-Term Care Planning (173)
  • Non-Traditional Families (16)
  • Non-US Citizens (27)
  • Pets (4)
  • Practical Matters (15)
  • Probate (38)
  • Property in Other Countries (5)
  • Real Estate (69)
  • Retirement Plans (19)
  • Revocable Trusts (102)
  • Second Marriages (11)
  • Social Security (18)
  • Special Needs Planning (70)
  • Trustee (52)
  • Vacation Homes (3)
  • Wills (50)
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