• take action: Plan Your Estate
  • Ask a Question

    Ask Harry a Question

    • This field is for validation purposes and should be left unchanged.

    Close
  • Books
  • Podcasts
  • Guides
  • Subscribe

    Subscribe to the Ask Harry blog

    Loading
    Close
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.
  • Ask a Question

    Ask Harry a Question

    • This field is for validation purposes and should be left unchanged.

    Close
  • Books
  • Podcasts
  • Guides
  • Subscribe

    Subscribe to the Ask Harry blog

    Loading
    Close

Archives

Monthly Archive for: "January, 2022"
Home /
 Can I Get a Mortgage to Buy Out My Brothers’ Interest in House?
0
By Harry Margolis
In Real Estate, Revocable Trusts, Wills
Posted January 28, 2022

Can I Get a Mortgage to Buy Out My Brothers’ Interest in House?

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 [...]

READ MORE
 How are Revocable Trusts Taxed?
0
By Harry Margolis
In Revocable Trusts
Posted January 24, 2022

How are Revocable Trusts Taxed?

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 [...]

READ MORE
0
By Harry Margolis
In Long-Term Care Planning
Posted January 21, 2022

Must Pooled Disability Trust Go Through Probate upon Beneficiary’s Death?

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 [...]

READ MORE
 What are the Tax Results when Stepmother Buys Out House in Trust?
0
By Harry Margolis
In Estate and Gift Taxes, Real Estate
Posted January 19, 2022

What are the Tax Results when Stepmother Buys Out House in Trust?

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 [...]

READ MORE
 What Can Be Done When Senior with Declining Capacity Refuses Help?
0
By Harry Margolis
In Guardianship and Conservatorship
Posted January 14, 2022

What Can Be Done When Senior with Declining Capacity Refuses Help?

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 [...]

READ MORE
 For MassHealth, Will Home in Trust Become Non-countable if Sold?
0
By Harry Margolis
In Long-Term Care Planning
Posted January 10, 2022

For MassHealth, Will Home in Trust Become Non-countable if Sold?

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 [...]

READ MORE
 Must Owner of Property in Guam and Hawaii have Separate Estate Planning Documents?
0
By Harry Margolis
In Property in Other Countries, Wills
Posted January 8, 2022

Must Owner of Property in Guam and Hawaii have Separate Estate Planning Documents?

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 [...]

READ MORE
 How Will Capital Gain in Estate be Treated for Tax Purposes?
0
By Harry Margolis
In Probate
Posted January 7, 2022

How Will Capital Gain in Estate be Treated for Tax Purposes?

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 [...]

READ MORE
 How are Pre-2026 Taxable Gifts Grandfathered?
0
By Harry Margolis
In Estate and Gift Taxes
Posted January 3, 2022

How are Pre-2026 Taxable Gifts Grandfathered?

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 [...]

READ MORE
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)
© All Rights Reserved  |  Privacy Policy

Start typing and press Enter to search

Wondering if a trust makes sense for you?

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

Get the Book
(An Amazon Prime Reading selection)

Harry Margolis book: The Baby Boomers Guide to Estate Planning

Read Sample Chapters

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

subscribe