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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: "October, 2021"
Home /
 Can Agent Under Durable Power of Attorney Be Paid for 16 Years of Service?
0
By Harry Margolis
In Durable Powers of Attorney
Posted October 30, 2021

Can Agent Under Durable Power of Attorney Be Paid for 16 Years of Service?

Question: I have not taken compensation for 16 years as agent under power of attorney for my mother because i wanted to be sure she had enough money. If she is near passing away may i take some [...]

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 Does Trust End When All Assets are Distributed?
0
By Harry Margolis
In Irrevocable Trusts
Posted October 26, 2021

Does Trust End When All Assets are Distributed?

Question: Our Safe Harbor Trust allows the trustee to remove the assets in the trust and return them to the trustor if the trustee decides that the trust is no longer appropriate. This is an [...]

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 Can I Evict Wife of Trust Beneficiary from House in Trust?
4
By Harry Margolis
In Irrevocable Trusts
Posted October 22, 2021

Can I Evict Wife of Trust Beneficiary from House in Trust?

Question: I am trustee for my brother’s trust. He lives in my deceased parents’ home with his wife for $1/year. I had them sign a lease so I could get the proper type of insurance in [...]

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 What Penalty is There for a Late Trust Distribution?
0
By Harry Margolis
In Revocable Trusts
Posted October 19, 2021

What Penalty is There for a Late Trust Distribution?

Question: We just learned that we were supposed to divide and distribute the trust property upon the death of our father. Unfortunately, we did not do that and he died in April 2016. Is there a [...]

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 Must I Pay My Income to the Nursing Home if My Husband is on Medicaid?
0
By Harry Margolis
In Long-Term Care Planning
Posted October 15, 2021

Must I Pay My Income to the Nursing Home if My Husband is on Medicaid?

Question: I have a pension of $3,000 a month from STRS- California. It is our main income. My husband will probably need long-term care in a year or so. We have no LTC insurance. If he applies [...]

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 What is a Trust Protector and When Should They Be Used?
0
By Harry Margolis
In Irrevocable Trusts
Posted October 11, 2021

What is a Trust Protector and When Should They Be Used?

Question: Would you please explain the role of a Trust Protector and when they should be utilized? Thank you very much. PS: I found your book to very informative. Response: Thank you for your [...]

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 As a Non-U.S. Citizen, Must I Set Up a U.S. Trust for a Trust Distribution?
0
By Harry Margolis
In Non-US Citizens
Posted October 8, 2021

As a Non-U.S. Citizen, Must I Set Up a U.S. Trust for a Trust Distribution?

Question: I am a non-U.S. citizen from Australia. My friend recently left me a significant inheritance from her trust in the United States. Do I need to set up a trust in the United States to [...]

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 Can I Charge a Management Fee for Property in Trust When I’m the Trustee?
0
By Harry Margolis
In Irrevocable Trusts
Posted October 4, 2021

Can I Charge a Management Fee for Property in Trust When I’m the Trustee?

Question: I have been trustee of my father’s trust since 12-24-18 to present. I have taken care of contacting all companies, paying bills, remodeling and repairing, banking, etc. The house [...]

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 Can Trustee Sell House in Which the Beneficiary is Living?
0
By Harry Margolis
In Irrevocable Trusts
Posted October 1, 2021

Can Trustee Sell House in Which the Beneficiary is Living?

Question: I am trustee for a family trust and insurance trust for the benefit of my brother. My brother tried to have me removed as trustee several years ago. His actions were unwarranted and I [...]

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Categories
  • Asset Protection (37)
  • Charitable Giving (11)
  • Durable Powers of Attorney (52)
  • Estate and Gift Taxes (69)
  • Guardianship and Conservatorship (9)
  • Health Care Directives (14)
  • Housing and Urban Development (HUD) (1)
  • Irrevocable Trusts (76)
  • Long-Term Care Planning (190)
  • Non-Traditional Families (17)
  • Non-US Citizens (40)
  • Pets (6)
  • Practical Matters (17)
  • Probate (62)
  • Property in Other Countries (6)
  • Real Estate (114)
  • Retirement Plans (25)
  • Revocable Trusts (144)
  • Second Marriages (12)
  • Social Security (20)
  • Special Needs Planning (96)
  • Trustee (55)
  • Vacation Homes (5)
  • Wills (67)
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Wondering if a trust makes sense for you?

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Harry Margolis book: The Baby Boomers Guide to Estate Planning

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Wondering if a trust makes sense for you?

This comprehensive guide provides all you need to know (in plain English).

Harry Margolis book: The Baby Boomers Guide to Estate Planning

Get the Book
(An Amazon Prime Reading selection)

Read Sample Chapters

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