Question: I am a trustee of a special needs trust for a friend that was funded in March 2020. She has been on Supplemental Security Income (SSI) and Medicaid for over 10 years. She will be 62 in [...]

Question: Can you get a mortgage if you are the grantor of a home in an irrevocable trust and your trustee approves of it? Response: Not a traditional mortgage. While the trust probably would [...]

Question: What should grandparents think about in terms of planning for their grandchildren? Response: Most grandparents do not plan specifically for their grandchildren. They provide that their [...]

Question: What should you consider when you’re deciding about guardians for your children? Do you designate the guardians in your will? Response: Yes, you designate the guardians for your [...]

Question: Should people of all ages have a health care proxy and other medical documents? Response: Yes. Even though you’re less likely to become ill or especially demented when [...]

When you get a job with benefits, you may well be offered a 401(k) plan and/or life insurance. Even if you’re just getting started in your career, name beneficiaries who would receive these [...]

Question: I would like to leave $10,000 cash to a dear friend in the United Kingdom upon my death. Can this be done? If not, can I send her a cashier’s check in the near future? Response: [...]

Question: I have a question about my mother’s two-family house. It’s amazing that she has survived the pandemic and will be turning 104 in September. She is in a nursing home and is covered [...]