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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: "March, 2022"
Home /
 Can I Leave My Interest in Real Estate to Non-U.S. Citizen?
0
By Harry Margolis
In Non-US Citizens, Real Estate
Posted March 28, 2022

Can I Leave My Interest in Real Estate to Non-U.S. Citizen?

Question: I am US citizen and have a rental property investment near San Diego, California. The deed is under my name and my sister’s name (70:30). I want to sell the house but my sister [...]

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 Will House Deeded to Spouse Just Prior to Death Receive Step-up in Basis?
0
By Harry Margolis
In Real Estate
Posted March 25, 2022

Will House Deeded to Spouse Just Prior to Death Receive Step-up in Basis?

Question: If two spouses deed their primary home, within one year of one spouse’s passing, from their living trust to the ill spouse, and the ill spouse had willed everything to a [...]

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 Should I Disband My Deceased Husband’s Marital Trust?
0
By Harry Margolis
In Estate and Gift Taxes, Irrevocable Trusts
Posted March 21, 2022

Should I Disband My Deceased Husband’s Marital Trust?

Question: I’m the beneficiary of a trust left by my husband. The investments in the trust include long- and short-term losses that could offset capital gains in other investments I hold in [...]

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 Should We Update our Trusts after Moving from California to Florida?
0
By Harry Margolis
In Revocable Trusts
Posted March 18, 2022

Should We Update our Trusts after Moving from California to Florida?

Question: We would like to seek your opinion on our present trust situation? We are both retired and moved to Florida in 2022. We have a trust that was drafted in California in 2016. We [...]

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 Must Small Irrevocable Trust File Tax Return and Issue K-1s?
6
By Harry Margolis
In Irrevocable Trusts, Trustee
Posted March 14, 2022

Must Small Irrevocable Trust File Tax Return and Issue K-1s?

Question: Dad died in 2021 in Florida. He was the grantor of a revocable trust and I (daughter) was the trustee. My understanding is that upon his death, it became an irrevocable trust. When he [...]

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 What is the Best Tax Plan for Legacy Trust for Family?
0
By Harry Margolis
In Irrevocable Trusts
Posted March 11, 2022

What is the Best Tax Plan for Legacy Trust for Family?

Question: We already have an estate plan set up with a revocable trust. Roughly 50% of our liquid assets are in regular and Roth IRAs; we have been moving some funds from our regular to Roth IRAs [...]

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 Should I Create a Revocable Trust Now if I Plan to Move in a Few Years?
0
By Harry Margolis
In Revocable Trusts
Posted March 7, 2022

Should I Create a Revocable Trust Now if I Plan to Move in a Few Years?

Question: As retirement gets closer and you own your home with approximately $1 M in assets including 401(k)s, savings, and stocks, is it still advisable to obtain a living trust in the present [...]

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 Does Medicaid Estate Recovery Only Apply to Medicaid Beneficiaries?
0
By Harry Margolis
In Long-Term Care Planning
Posted March 4, 2022

Does Medicaid Estate Recovery Only Apply to Medicaid Beneficiaries?

Question: Does Medicaid estate recovery only apply to those that are recipients of Medicaid? Response: Yes, but it might not always seem that way. Medicaid estate recovery only applies to the [...]

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

Harry Margolis book: The Baby Boomers Guide to Estate Planning

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(An Amazon Prime Reading selection)

Read Sample Chapters

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