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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, 2022"
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 How Are Proceeds of Sale of Life Estate Distributed?
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By Harry Margolis
In Long-Term Care Planning, Real Estate
Posted November 28, 2022

How Are Proceeds of Sale of Life Estate Distributed?

Question: My husband’s parents have a life estate….father passed away, mother recently moved to a nursing home. Siblings want to sell house. Is this possible without the life use [...]

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 How Can I Avoid Durable Power of Attorney Abuse?
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By Harry Margolis
In Durable Powers of Attorney
Posted November 25, 2022

How Can I Avoid Durable Power of Attorney Abuse?

Question: I’m nervous appointing someone on my durable power of attorney since I understand it gives them complete power over my finances and legal matters. What can I do to make sure my [...]

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 Should Family Use Specialist or Elder Law Attorney for Medicaid Application?
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By Harry Margolis
In Long-Term Care Planning
Posted November 21, 2022

Should Family Use Specialist or Elder Law Attorney for Medicaid Application?

Question: I am working with a family who is seeking assistance understanding MassHealth eligibility and applying. One member of an unmarried couple has dementia and will be moving to a skilled [...]

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 How Can Husband Leave Trust for Wife, Then for Sibling?
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By Harry Margolis
In Estate and Gift Taxes, Second Marriages
Posted November 18, 2022

How Can Husband Leave Trust for Wife, Then for Sibling?

Question: How can someone, with a house, a rental house and investments altogether worth $4 million, plan for both a stepped-up in basis and the full federal estate tax exemption without allowing [...]

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 How Often Should I Review My Estate Plan?
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By Harry Margolis
In Revocable Trusts, Wills
Posted November 14, 2022

How Often Should I Review My Estate Plan?

Question: How often should I review my estate plan? Response: It depends how old you are. Most people don’t do any estate planning until they have children. That’s when they begin to [...]

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 How Can Single 76-Year-Old of Modest Means Plan for Long-Term Care?
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By Harry Margolis
In Long-Term Care Planning
Posted November 11, 2022

How Can Single 76-Year-Old of Modest Means Plan for Long-Term Care?

Question: The blog post on your law firm site on the likelihood of needing long-term care concludes by saying: “The upshot if you’re a Baby Boomer if you are able to do so, factor in the [...]

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 Will House in Medicaid Planning Trust Receive Step-up in Basis?
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By Harry Margolis
In Irrevocable Trusts, Real Estate
Posted November 7, 2022

Will House in Medicaid Planning Trust Receive Step-up in Basis?

Question: My father created an irrevocable trust of which I am trustee and beneficiary. He put his residence into the trust for Medicaid planning purposes. He has since passed away. Did the [...]

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 What’s the Best Financial Plan to Remodel My House so My Dad Can Move In?
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By Harry Margolis
In Long-Term Care Planning, Real Estate
Posted November 4, 2022

What’s the Best Financial Plan to Remodel My House so My Dad Can Move In?

Question: My dad who is 81 years old has been ill for the entire summer, I want to try to get him in a position to qualify for MassHealth in the future. He owns a condo that is in a life estate [...]

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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 (52)
  • 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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