• 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, 2023"
Home /
 Can ABLE Account Funds Be Used to Pay for Rent?
0
By Harry Margolis
In Special Needs Planning
Posted January 30, 2023

Can ABLE Account Funds Be Used to Pay for Rent?

Question: I wonder if money from an ABLE account could be used to pay rent for a disabled child while they are waiting for public housing or a Section 8 voucher. Response: Yes, an ABLE account [...]

READ MORE
 What Happens to Our House that We Cohabit with Our In-Laws When We Sell It?
0
By Harry Margolis
In Non-Traditional Families, Real Estate, Revocable Trusts
Posted January 27, 2023

What Happens to Our House that We Cohabit with Our In-Laws When We Sell It?

Question: We share a house with our daughter and son-in-law. They pay on the mortgage but the mortgage is in our name as we had better credit. In addition, the title to the house is in our [...]

READ MORE
 Must Mobile Home Go Through Probate Because Heir is German?
0
By Harry Margolis
In Non-US Citizens, Probate, Wills
Posted January 23, 2023

Must Mobile Home Go Through Probate Because Heir is German?

Question: A friend of mine passed away and had it in her will for her longtime friend who lives in Germany would be her executor and inherit her mobile home and belongings. But now someone from [...]

READ MORE
 Can House in Credit Shelter Trust Get Step-up When Surviving Spouse Dies?
0
By Harry Margolis
In Estate and Gift Taxes, Real Estate
Posted January 20, 2023

Can House in Credit Shelter Trust Get Step-up When Surviving Spouse Dies?

Question: Wife transfers her 50% interest in their house to husband’s revocable trust. Husband dies and 100% of house owned by credit trust in H’s trust of which W is beneficiary. When W dies,  [...]

READ MORE
 Can Trustee Fee Be Contributed to IRA?
0
By Harry Margolis
In Retirement Plans, Trustee
Posted January 16, 2023

Can Trustee Fee Be Contributed to IRA?

Question: Is the trustee fee I received income that I can use to calculate my IRA contribution in the same year? Response: Yes, it is earned income that must be reported on your tax return and, [...]

READ MORE
 Can I Create a Third-Party Special Needs Trust for My Son If I’m His Guardian?
0
By Harry Margolis
In Guardianship and Conservatorship, Special Needs Planning
Posted January 13, 2023

Can I Create a Third-Party Special Needs Trust for My Son If I’m His Guardian?

Question: I would like to set up a Special Needs Trust for my 63-year-old son with autism. I have also been appointed as his guardian. Question 1: Does the guardianship interfere with the [...]

READ MORE
 How Should Property be Distributed When Dad Moves to Assisted Living?
0
By Harry Margolis
In Long-Term Care Planning, Probate
Posted January 9, 2023

How Should Property be Distributed When Dad Moves to Assisted Living?

Question: I just read a story about Mary Jane’s estate which was divided among four siblings.  Our family also has four siblings. The difference is that our father is still living but has to move [...]

READ MORE
 How Much of Stock In Estate Should Be Sold to Pay Taxes and Bequests?
0
By Harry Margolis
In Probate
Posted January 6, 2023

How Much of Stock In Estate Should Be Sold to Pay Taxes and Bequests?

Question: I am the executor of an estate where I would like to liquidate some common stock in order to pay the New Jersey inheritance tax and distribute some cash legacies as specified in the [...]

READ MORE
 Should We Hire a Law Firm for Nursing Home Medicaid Application?
0
By Harry Margolis
In Long-Term Care Planning
Posted January 3, 2023

Should We Hire a Law Firm for Nursing Home Medicaid Application?

Question: Should I hire a law firm or non-legal service to assist with the Medicaid application for my mom who will be moving to a nursing home? Response: Hire a law firm, and perhaps a non-legal [...]

READ MORE
Categories
  • Asset Protection (34)
  • Charitable Giving (10)
  • Durable Powers of Attorney (43)
  • Estate and Gift Taxes (55)
  • Guardianship and Conservatorship (5)
  • Health Care Directives (13)
  • Irrevocable Trusts (49)
  • Long-Term Care Planning (170)
  • Non-Traditional Families (16)
  • Non-US Citizens (23)
  • Pets (3)
  • Practical Matters (15)
  • Probate (37)
  • Property in Other Countries (4)
  • Real Estate (66)
  • Retirement Plans (19)
  • Revocable Trusts (98)
  • Second Marriages (11)
  • Social Security (18)
  • Special Needs Planning (69)
  • Trustee (52)
  • Vacation Homes (3)
  • Wills (50)
© All Rights Reserved  |  Privacy Policy

Start typing and press Enter to search

Putting off planning your estate?

Don’t know where to start?

This simple-yet-comprehensive guide provides everything you need to know (in plain English).

Get the Book

Harry Margolis book: The Baby Boomers Guide to Estate Planning

Read Sample Chapters

Putting off planning your estate?

This simple-yet-comprehensive guide provides everything you need to know (in plain English).

Harry Margolis book: The Baby Boomers Guide to Estate Planning

Get the Book

Read Sample Chapters

subscribe