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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: "November, 2021"
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 Should Appreciated Assets in Estate be Liquidated Before Distribution?
0
By Harry Margolis
In Probate
Posted November 29, 2021

Should Appreciated Assets in Estate be Liquidated Before Distribution?

Question: My mom passed in November 2018. I am the executor of her estate. She left an estate brokerage account that contains 2 mutual funds. The value of the funds has increased in the last 3 [...]

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 How Can I Leave My Estate to My Non-Citizen Sibling Who Lives Overseas?
4
By Harry Margolis
In Durable Powers of Attorney, Non-US Citizens, Trustee, Wills
Posted November 22, 2021

How Can I Leave My Estate to My Non-Citizen Sibling Who Lives Overseas?

Question: I am a American citizen and want to leave my house/money in bank/stock and life insurance benefits to a sibling in another country.  Who would I talk to get this process started? A [...]

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 What Rights Does the Beneficiary of a Trust Have?
0
By Harry Margolis
In Irrevocable Trusts
Posted November 19, 2021

What Rights Does the Beneficiary of a Trust Have?

Question: I have a family trust question that I’m wondering if you might be able to shed some light.  My sister’s husband, George, currently 73, is the beneficiary of a trust that was [...]

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 Is My Trust Protected if the Trustee Gets Sued for My Debts?
0
By Harry Margolis
In Irrevocable Trusts
Posted November 15, 2021

Is My Trust Protected if the Trustee Gets Sued for My Debts?

Question: If I have an irrevocable trust and my trustee gets sued can my creditors attach my trust? Response: Probably not, but it depends on the trust and what you mean by “have.” If [...]

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 How Much Should Trustee of Large Trusts Charge as a Reasonable Fee?
0
By Harry Margolis
In Irrevocable Trusts
Posted November 12, 2021

How Much Should Trustee of Large Trusts Charge as a Reasonable Fee?

Question: I am a trustee of three trusts each holding $8 million dollars. The investment manager who disburses the fees does not send 1099’s. What is a reasonable monthly fee and are these [...]

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 Should Retirement Account Investments be Liquidated Upon the Owner’s Death?
2
By Harry Margolis
In Probate, Retirement Plans
Posted November 8, 2021

Should Retirement Account Investments be Liquidated Upon the Owner’s Death?

Question: With respect to your recommendation that executors of estates or trustees of trusts sell stock holdings after the death of owner of the assets, what’s your recommendation for [...]

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 Can I Add My Son to My Bank Account Using His Durable Power of Attorney?
0
By Harry Margolis
In Durable Powers of Attorney
Posted November 5, 2021

Can I Add My Son to My Bank Account Using His Durable Power of Attorney?

Question: My son is incarcerated. He sent me a Durable Power of Attorney from the Texas prison system to take care of his affairs. He does not have a bank account. He has an IRS check and a [...]

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 Can I Serve as Trustee and Still Exclude Trust Assets from My Taxable Estate?
0
By Harry Margolis
In Estate and Gift Taxes, Irrevocable Trusts
Posted November 1, 2021

Can I Serve as Trustee and Still Exclude Trust Assets from My Taxable Estate?

Question: I am creating irrevocable trusts for my children and grandchildren about which I have several questions: To exclude assets from my taxable estate can I be the trustee during my [...]

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Categories
  • Asset Protection (37)
  • Charitable Giving (11)
  • Durable Powers of Attorney (52)
  • Estate and Gift Taxes (69)
  • Guardianship and Conservatorship (10)
  • Health Care Directives (14)
  • Housing and Urban Development (HUD) (1)
  • Irrevocable Trusts (76)
  • Long-Term Care Planning (192)
  • Non-Traditional Families (17)
  • Non-US Citizens (40)
  • Pets (6)
  • Practical Matters (17)
  • Probate (64)
  • Property in Other Countries (6)
  • Real Estate (117)
  • Retirement Plans (25)
  • Revocable Trusts (144)
  • Second Marriages (12)
  • Social Security (20)
  • Special Needs Planning (97)
  • Trustee (55)
  • Vacation Homes (5)
  • Wills (68)
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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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