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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: "September, 2020"
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 How Can SSI Beneficiary Keep Medicaid Coverage When He Must Take Social Security?
0
By Harry Margolis
In Social Security, Special Needs Planning
Posted September 28, 2020

How Can SSI Beneficiary Keep Medicaid Coverage When He Must Take Social Security?

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 [...]

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 Can the Grantor Get a Mortgage on House in an Irrevocable Trust?
0
By Harry Margolis
In Irrevocable Trusts, Long-Term Care Planning, Real Estate
Posted September 25, 2020

Can the Grantor Get a Mortgage on House in an Irrevocable Trust?

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 [...]

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 How Can Grandparents through their Estate Plans Provide for their Grandchildren?
2
By Harry Margolis
In Asset Protection, Revocable Trusts, Wills
Posted September 21, 2020

How Can Grandparents through their Estate Plans Provide for their Grandchildren?

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 [...]

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 What Should I Consider in Choosing a Guardian for My Minor Children?
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By Harry Margolis
In Wills
Posted September 19, 2020

What Should I Consider in Choosing a Guardian for My Minor Children?

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 [...]

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 At What Age Should You Sign a Health Care Directive?
0
By Harry Margolis
In Health Care Directives
Posted September 15, 2020

At What Age Should You Sign a Health Care Directive?

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 [...]

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 When Should You Review Your Beneficiary Designations?
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By Harry Margolis
In Retirement Plans
Posted September 14, 2020

When Should You Review Your Beneficiary Designations?

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 [...]

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 How Do I Make a Bequest to a Friend in England?
0
By Harry Margolis
In Non-US Citizens, Wills
Posted September 9, 2020

How Do I Make a Bequest to a Friend in England?

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: [...]

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 Will a Contract to Sell a Property in a Life Estate Affect the Step-Up in Basis?
0
By Harry Margolis
In Long-Term Care Planning, Real Estate
Posted September 1, 2020

Will a Contract to Sell a Property in a Life Estate Affect the Step-Up in Basis?

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 [...]

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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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Harry Margolis book: The Baby Boomers Guide to Estate Planning

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