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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: "May, 2020"
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 What Fee Can an Executor or Personal Representative Charge?
0
By Harry Margolis
In Probate, Trustee
Posted May 28, 2020

What Fee Can an Executor or Personal Representative Charge?

Question: As a named trustee, I believe my duties will be to liquidate property and other assets, file final taxes, and distribute the estates funds to the beneficiaries. If so, I am looking for [...]

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 How Do You Remove an Unqualified Health Care Agent?
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By Harry Margolis
In Health Care Directives
Posted May 27, 2020

How Do You Remove an Unqualified Health Care Agent?

Question: How can you remove a person name from being a health care agent when they are a drug addicted and are suspected of having abused the person who made the appointment in her health care [...]

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0
By Harry Margolis
In Trustee
Posted May 26, 2020

What Can Attorney Trustees Charge for Closing Out a Trust?

Question: Our firm has been attorney for a Credit Shelter Trust for a deceased client over 30 years ago. A member of the firm had always been a co-trustee until last year. Client’s widow [...]

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 How is Income of a Nominee Realty Trust Reported in Massachusetts?
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By Harry Margolis
In Real Estate, Revocable Trusts
Posted May 21, 2020

How is Income of a Nominee Realty Trust Reported in Massachusetts?

Question: Which Massachusetts tax form do I file for a nominee real estate trust? The only income is interest earned of $1,600 from the proceeds sitting in a bank account until they were [...]

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 Should We Transfer Our House with a Home Equity Loan to Our Children?
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By Harry Margolis
In Real Estate, Revocable Trusts
Posted May 19, 2020

Should We Transfer Our House with a Home Equity Loan to Our Children?

Question: We have a home equity line of credit on our home, on which we owe $6,000 now. If we deeded it to a revocable trust to pass to our children upon our deaths, could we still borrow on the [...]

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 Do You Need a Durable Power of Attorney If You Have a Revocable Trust with a Successor Trustee?
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By Harry Margolis
In Durable Powers of Attorney, Revocable Trusts
Posted May 15, 2020

Do You Need a Durable Power of Attorney If You Have a Revocable Trust with a Successor Trustee?

Question: Would successor trustee powers for financial and health management on incapacitation of primary trustee in a revocable trust obviate the need for a springing power of attorney when the [...]

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 Can Guardian Appoint Himself Under Durable Power of Attorney for Ward?
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By Harry Margolis
In Durable Powers of Attorney, Real Estate
Posted May 12, 2020

Can Guardian Appoint Himself Under Durable Power of Attorney for Ward?

Question: Can a legal guardian of an elderly parent still appoint himself as a durable power of attorney to sell a property without a court’s permission? Then withdraw the guardianship [...]

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 Can Revocable Trust Hold S Corporation Shares After Grantor’s Death?
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By Harry Margolis
In Revocable Trusts
Posted May 8, 2020

Can Revocable Trust Hold S Corporation Shares After Grantor’s Death?

Question: Enjoying your book (Get Your Ducks in a Row: A Baby Boomer’s Guide to Estate Planning). At page 105. I already have my estate documents including a pour over will, revocable [...]

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 Can Married Couple Shelter $2 Million from Massachusetts Estate Taxes?
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By Harry Margolis
In Estate and Gift Taxes
Posted May 5, 2020

Can Married Couple Shelter $2 Million from Massachusetts Estate Taxes?

Question: Assuming a couple with a Massachusetts joint taxable estate of $5 million, I see how you say to use a trust for the benefit of surviving spouse with $1 million (where surviving spouse [...]

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 What Steps do U.S.-Resident Non-Citizens Need to Take to Avoid Estate Taxes?
0
By Harry Margolis
In Estate and Gift Taxes, Non-US Citizens
Posted May 4, 2020

What Steps do U.S.-Resident Non-Citizens Need to Take to Avoid Estate Taxes?

Question: My husband and I are both US non-citizens but both US residents. We both have our names on the deed of our house (valued at about $200,000 or less) and titles to our cars. If one of us [...]

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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 (51)
  • 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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Harry Margolis book: The Baby Boomers Guide to Estate Planning

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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

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