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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, 2019"
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 If House is Placed in Irrevocable Trust, will Line of Credit be Countable by Medicaid?
0
By Harry Margolis
In Long-Term Care Planning
Posted October 29, 2019

If House is Placed in Irrevocable Trust, will Line of Credit be Countable by Medicaid?

Question: If property has a line of credit from a reverse mortgage available before being placed in an irrevocable trust, can Medicaid consider the line of credit as a countable asset while in [...]

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 Will Medicaid Place Lien on Nursing Home Resident’s House if Spouse Lives There?
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By Harry Margolis
In Long-Term Care Planning
Posted October 26, 2019

Will Medicaid Place Lien on Nursing Home Resident’s House if Spouse Lives There?

Question: Though I have read some of your related articles, I still am not quite clear: in the case of an institutionalized spouse with a healthy community spouse who lives in their home, will a [...]

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 Must Estate of Florida Resident who Spent Last Months in Maine Pay Maine Estate Taxes?
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By Harry Margolis
In Estate and Gift Taxes
Posted October 22, 2019

Must Estate of Florida Resident who Spent Last Months in Maine Pay Maine Estate Taxes?

Question: A client is a resident of Florida – spends more than 6 months a year there, has a Florida driver’s license and a home in Florida. She also has a property in Maine. While in [...]

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 Is a Life Estate or Irrevocable Trust Better for Protecting my House from Medicaid Estate Recovery?
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By Harry Margolis
In Long-Term Care Planning
Posted October 18, 2019

Is a Life Estate or Irrevocable Trust Better for Protecting my House from Medicaid Estate Recovery?

Question: The attorney I retained has already cost me $2,500 ($1,000 retainer fee + additional charges) for emails, mostly, and a 1/2 hour conference call). I am 76, live alone, have 2 sons, own [...]

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 What Would a Bank Trustee Charge for a Simple Trust with Quarterly Distributions?
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By Harry Margolis
In Revocable Trusts, Trustee
Posted October 18, 2019

What Would a Bank Trustee Charge for a Simple Trust with Quarterly Distributions?

Question: What would be the typical cost of a bank administering a trust set up with quarterly distributions that could last 10 years? Response: The answer depends largely on the amount you will [...]

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 How Does Planning for Child with Disability Affect Mom’s Medicaid Planning?
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By Harry Margolis
In Long-Term Care Planning, Special Needs Planning
Posted October 15, 2019

How Does Planning for Child with Disability Affect Mom’s Medicaid Planning?

Question: Mom creates and funds a special needs trust for disabled child who’s under the age of 65. Mom plans to leave a 1/3 interest in the house to the trust. If child is over the age of [...]

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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)
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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

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