Question: Five years ago my dad bought a house for me, though it was titled in his name. He put the down payment down and I have made all the mortgage, tax, and all payments for the house. I was [...]

Question: How are revocable trusts taxed? Response: Revocable trusts, also often called “living” trusts, are taxed to the grantor — the person who created the trust. In most [...]

Question: I am considering a Pooled Disability Trusts for a family member who is over 65. It would be a self-funded trust. What happens if I start the trust process, but the relative passes [...]

Question: I am the Trustee of my father’s irrevocable living trust in Illinois. He was remarried and took my advice and set up a living trust and will, so he could pass certain assets on to [...]

Question: My mother-in-law is widowed. She is 80, lives alone, and has been deteriorating (poor hygiene, nutrition, etc.) She has many health problems (currently hospitalized) and appears unable [...]

Question: MassHealth regulation 520.024 seems to me to state that any non-principal residence in a trust — even one created by will and where the trustee has no requirements regarding [...]

Question: We are in our 70’s and live in Honolulu. We moved here from the US Territory of Guam. We still have assets in Guam. Do we need separate estate planning documents for Hawaii and [...]

Question: I am the executor of an estate. There are stocks in the estate but the estate totals $1.8 million, thus under the federal estate tax threshold. The stock value at time of death in May [...]

Question: In anticipation of either the current Biden proposal or 2026 change to reduce the estate tax exemption to $6 million per spouse, do gifts made PRIOR TO THE CHANGE go against the revised [...]