• take action: Plan Your Estate
  • Ask a Question

    Ask Harry a Question

    • This field is for validation purposes and should be left unchanged.

    Close
  • Books
  • Podcasts
  • Guides
  • Subscribe

    Subscribe to the Ask Harry blog

    Loading
    Close
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.
  • Ask a Question

    Ask Harry a Question

    • This field is for validation purposes and should be left unchanged.

    Close
  • Books
  • Podcasts
  • Guides
  • Subscribe

    Subscribe to the Ask Harry blog

    Loading
    Close

Archives

Monthly Archive for: "December, 2019"
Home /
 Can Tax Payments be Part of Medicaid Spend Down?
0
By Harry Margolis
In Long-Term Care Planning
Posted December 27, 2019

Can Tax Payments be Part of Medicaid Spend Down?

Question: When a husband is about to apply for Medicaid long-term care benefits, and a community-spouse (non-applicant) wife is trying to reduce her assets below the limit of about $130,000, what [...]

READ MORE
 What are the Tax Consequences if I Transfer Real Estate into Trust?
0
By Harry Margolis
In Real Estate, Revocable Trusts
Posted December 20, 2019

What are the Tax Consequences if I Transfer Real Estate into Trust?

Question: If I transfer real estate into a regular trust, does it constitute a sale and result in capital gain tax and property basis step-up? What if I transfer it to a nominee trust? Response: [...]

READ MORE
 Will Taking Social Security Early Affect My Disabled Daughter’s Benefits?
2
By Harry Margolis
In Social Security, Special Needs Planning
Posted December 20, 2019

Will Taking Social Security Early Affect My Disabled Daughter’s Benefits?

Question: If I were to claim Social Security at age 62, while still working part-time, so my benefit will be reduced to a very small amount or zero, how would that affect the benefit that my [...]

READ MORE
 Can My Parents Use Irrevocable Trusts for Medicaid and Estate Tax Planning?
0
By Harry Margolis
In Estate and Gift Taxes, Long-Term Care Planning
Posted December 17, 2019

Can My Parents Use Irrevocable Trusts for Medicaid and Estate Tax Planning?

Question: I have elderly parents who are looking to update their revocable trust into an irrevocable one. They would just like to put their 2 homes (their primary residence & an investment [...]

READ MORE
 What Should I Do with My Uncle’s Income So He Can Be Eligible for Medicaid?
0
By Harry Margolis
In Long-Term Care Planning
Posted December 13, 2019

What Should I Do with My Uncle’s Income So He Can Be Eligible for Medicaid?

Question: I am POA (Power of Attorney) for my 91-year-old uncle. For the past 2.5 years, he has been enrolled with MassHealth PACE. He receives about $1,300 a month combined from Social Security [...]

READ MORE
 Handling a Whole Life Insurance Policy When Applying for Medicaid
2
By Harry Margolis
In Long-Term Care Planning
Posted December 13, 2019

Handling a Whole Life Insurance Policy When Applying for Medicaid

Question: Can a whole life insurance policy owned by a current recipient of Medicaid benefits be transferred or borrowed against in order to avoid becoming ineligible for benefits? Response: It [...]

READ MORE
 Can I Charge for My Time as Trustee for My Father?
0
By Harry Margolis
In Long-Term Care Planning, Revocable Trusts
Posted December 10, 2019

Can I Charge for My Time as Trustee for My Father?

Question: My father lives in Los Angeles. I live in Canada. I am the trustee of his Health Care Living Trust as he is incapacitated. I am also the POA and sole beneficiary of his will. I fly back [...]

READ MORE
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 (53)
  • Long-Term Care Planning (174)
  • Non-Traditional Families (17)
  • Non-US Citizens (27)
  • Pets (4)
  • Practical Matters (15)
  • Probate (38)
  • Property in Other Countries (5)
  • Real Estate (71)
  • Retirement Plans (19)
  • Revocable Trusts (105)
  • Second Marriages (11)
  • Social Security (18)
  • Special Needs Planning (70)
  • Trustee (52)
  • Vacation Homes (3)
  • Wills (50)
© All Rights Reserved  |  Privacy Policy

Start typing and press Enter to search

Putting off planning your estate?

Don’t know where to start?

This simple-yet-comprehensive guide provides everything you need to know (in plain English).

Get the Book

Harry Margolis book: The Baby Boomers Guide to Estate Planning

Read Sample Chapters

Putting off planning your estate?

This simple-yet-comprehensive guide provides everything you need to know (in plain English).

Harry Margolis book: The Baby Boomers Guide to Estate Planning

Get the Book

Read Sample Chapters

subscribe