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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, 2022"
Home /
 Do I Need to Hire an Estate Planning Attorney for My Property in Ireland?
0
By Harry Margolis
In Non-US Citizens, Wills
Posted October 31, 2022

Do I Need to Hire an Estate Planning Attorney for My Property in Ireland?

Question: I have property in Ireland which I would like to have go to relatives in Ireland and the United States. Will my U.S. will and trust be sufficient or do I need to hire a lawyer in [...]

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 How Can We Protect Mother-in-Law’s House from Medicaid Estate Recovery?
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By Harry Margolis
In Long-Term Care Planning
Posted October 28, 2022

How Can We Protect Mother-in-Law’s House from Medicaid Estate Recovery?

Question: My mother-in-law lives on her own but requires my wife to visit regularly to help her with paying bills, groceries, medication, etc. She is on Medicare with Medicaid picking up some [...]

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 May Unredeemed Savings Bonds Be Transferred to Heirs of Estate?
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By Harry Margolis
In Estate and Gift Taxes, Probate
Posted October 24, 2022

May Unredeemed Savings Bonds Be Transferred to Heirs of Estate?

Question: A decedent has savings bonds unredeemed (final maturity 2030) that have just the decedent’s name only on the bond with no named beneficiary. The total redemption value of the [...]

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 How Should Money Flow When Selling Property in Irrevocable Trusts?
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By Harry Margolis
In Irrevocable Trusts
Posted October 21, 2022

How Should Money Flow When Selling Property in Irrevocable Trusts?

Question: My husband and I each have an irrevocable trust. Each trust holds a 50% interest in each three properties. We are selling one income-producing property next month. Should our closing [...]

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 Must My Mother Sign a New Will When She Moves to a New State?
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By Harry Margolis
In Durable Powers of Attorney, Health Care Directives, Wills
Posted October 18, 2022

Must My Mother Sign a New Will When She Moves to a New State?

Question: My mother is 88 and had a will drawn up in 1991 when she lived in Oregon. The beneficiaries (my brother and I, 50/50 split) have not changed, and the designated representative (me) has [...]

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 What Do We Do If Schedule of Beneficiaries for Realty Trust is Missing?
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By Harry Margolis
In Real Estate
Posted October 14, 2022

What Do We Do If Schedule of Beneficiaries for Realty Trust is Missing?

Question: The schedule of beneficiaries on our nominee realty trust is missing. I am the trustee and want to sell property. Proceeds are directed to go to a church. I can’t seem to get a straight [...]

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 Can Life Estate Beneficiaries Force Sale of Property for Failure to Pay Costs?
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By Harry Margolis
In Probate, Real Estate
Posted October 10, 2022

Can Life Estate Beneficiaries Force Sale of Property for Failure to Pay Costs?

Question: I live in Tennessee where my mother-in-law recently passed away. She had six children. In her will, she left one son her home in a life estate. She did not file a deed. Under the terms [...]

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 What are the Downsides of Dissolving Our Generation-Skipping Trust?
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By Harry Margolis
In Estate and Gift Taxes, Irrevocable Trusts
Posted October 7, 2022

What are the Downsides of Dissolving Our Generation-Skipping Trust?

Question: The beneficiaries want our trustee to petition the probate court to dissolve an irrevocable trust in Texas because we believe it has served it purpose. The trustee would agree. I read [...]

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 Can Mother Serve as Estate Administrator When Sons are Heirs?
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By Harry Margolis
In Probate
Posted October 5, 2022

Can Mother Serve as Estate Administrator When Sons are Heirs?

Question: My children’s father passed away no will. He was not married, so being his children they inherit. One son has been living in his house since 2016 and has been paying the mortgage. [...]

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Categories
  • Asset Protection (34)
  • Charitable Giving (10)
  • Durable Powers of Attorney (44)
  • Estate and Gift Taxes (56)
  • Guardianship and Conservatorship (5)
  • Health Care Directives (13)
  • Irrevocable Trusts (51)
  • Long-Term Care Planning (173)
  • Non-Traditional Families (16)
  • Non-US Citizens (27)
  • Pets (4)
  • Practical Matters (15)
  • Probate (38)
  • Property in Other Countries (5)
  • Real Estate (69)
  • Retirement Plans (19)
  • Revocable Trusts (102)
  • Second Marriages (11)
  • Social Security (18)
  • Special Needs Planning (70)
  • Trustee (52)
  • Vacation Homes (3)
  • Wills (50)
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Harry Margolis book: The Baby Boomers Guide to Estate Planning

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