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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: "January, 2021"
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 How Can Medicaid Lien Be Removed from House of Nursing Home Resident?
0
By Harry Margolis
In Long-Term Care Planning
Posted January 30, 2021

How Can Medicaid Lien Be Removed from House of Nursing Home Resident?

Question: My neighbor’s wife has been in a nursing home for about 10 years. He is wanting to sell his house and move out of state to be with his kids (yes, I’m considering buying it). [...]

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 What are Guardianship and Conservatorship?
0
By Harry Margolis
In Guardianship and Conservatorship
Posted January 24, 2021

What are Guardianship and Conservatorship?

Once we reach the age of 18, which is the age of majority in all 50 states, we have complete autonomy to make our own personal and financial decisions (within the bounds of the law, of course). [...]

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 Will Property in Irrevocable Trust be Subject to Estate Taxes When the Grantor Dies?
0
By Harry Margolis
In Estate and Gift Taxes, Irrevocable Trusts
Posted January 24, 2021

Will Property in Irrevocable Trust be Subject to Estate Taxes When the Grantor Dies?

Question: Are assets in irrevocable trusts subject to the estate tax? (That’s “e” state not state tax). If so, does that mean both the grantor of the trust and the trust itself [...]

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 5 Steps to Take When Bank Won’t Honor Power of Attorney
0
By Harry Margolis
In Durable Powers of Attorney
Posted January 14, 2021

5 Steps to Take When Bank Won’t Honor Power of Attorney

Question: I have a POA that was drawn up by my brother’s attorney last month. I am trying to get access to his bank account at a credit union. The credit union has denied me any access [...]

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 Are Family Members Overcharging for Serving as Trustees of $30 Million Trust?
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By Harry Margolis
In Trustee
Posted January 9, 2021

Are Family Members Overcharging for Serving as Trustees of $30 Million Trust?

Question: There are 4 brother and sisters – 2 of them are the trustees of a $30 million estate. They are paying themselves $175,000 each per year, but pay others to do all the work around [...]

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 In MA, Do We Need to Refile Our Homestead Declarations After Age 62 for Maximum Protection?
2
By Harry Margolis
In Asset Protection, Real Estate
Posted January 8, 2021

In MA, Do We Need to Refile Our Homestead Declarations After Age 62 for Maximum Protection?

Question: First of all, I love your new book! Lots of valuable info. Anyways, my wife and I live in Massachusetts and set up a Homestead Declaration in each of our names when we purchased our [...]

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

Harry Margolis book: The Baby Boomers Guide to Estate Planning

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Read Sample Chapters

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