Question: At what stage is a trust is treated as a foreign trust? If the trust has a non U.S person trustee, would it be deemed to be a foreign trust. But at what stage does it become a foreign [...]

Question: What is the process (“best”, if more than one) for accounting for and dissolving a revocable living trust upon death of the surviving parent (as the primary trustee). The [...]

Question: Are 401(k)s or IRAs protected under the LTCI Partnership program? Response: Probably, yes. The long-term care insurance (LTCI) partnership program was authorized by Congress to permit [...]

Question: I am a US Citizen, age 87, with an IRA invested a US mutual fund. My wife is a not a US citizen (she’s Thai), is 45 and is the named beneficiary on my IRA. She has a tax [...]

Question: I am US citizen living in Illinois. I have a revocable living trust, the beneficiaries of which are my two nieces who are non-US citizens from Argentina. The assets that will be going [...]

Question: Can you tell me if the exception for Medicaid applies between spouses to transfer the home, when one spouse does not live in the home but is not legally separated and is the healthy [...]