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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: "April, 2023"
Home /
 What Tables Are Used to Determine Life Estate Interest in Property?
2
By Harry Margolis
In Real Estate
Posted April 20, 2023

What Tables Are Used to Determine Life Estate Interest in Property?

Question: In your article “What Happens to Capital Gain when Joint Owner of Life Estate Dies?” what table issued by the IRS was used to determine that 8% of the proceeds should go to [...]

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 Can Nominee Realty Trust Qualify for Massachusetts Homestead Exemption?
0
By Harry Margolis
In Real Estate
Posted April 17, 2023

Can Nominee Realty Trust Qualify for Massachusetts Homestead Exemption?

Question: Is there a homestead law in Massachusetts? What are the pros and cons to register for homestead? When a house is in a nominee trust with two separate trusts (one for each child) listed [...]

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 Can I Report Income From My Revocable Trust on My Personal Tax Return?
0
By Harry Margolis
In Revocable Trusts
Posted April 12, 2023

Can I Report Income From My Revocable Trust on My Personal Tax Return?

Question: I have a rental property that I want to put into a revocable trust. For tax purposes, can the rental income and expenses still be reported as me and not the trust? Response: Yes. As [...]

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 Should I Name My Friends as Successor Trustees or Co-Trustees?
0
By Harry Margolis
In Revocable Trusts
Posted April 10, 2023

Should I Name My Friends as Successor Trustees or Co-Trustees?

Question: If I do a trust, does anything in my life have to change? What if  I appoint two friends to be in charge of the trust? Also, can I  make sure they get compensated from the trust? [...]

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0
By Harry Margolis
In Irrevocable Trusts, Revocable Trusts
Posted April 7, 2023

Does Trust Need to Be Moved When Settlor Moves to a New State?

Question: If a trustee creates a trust in Wisconsin, and the trust says the laws of Wisconsin will be used for its interpretation and administration, then the settlor (also the first trustee and [...]

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 How Can You Plan to Avoid Elective Share Claim by Estranged Spouse?
1
By Harry Margolis
In Non-Traditional Families, Probate
Posted April 5, 2023

How Can You Plan to Avoid Elective Share Claim by Estranged Spouse?

Question: My sister separated from her husband back in 2001 and never saw him again. They are technically still married. Now, even if she has her daughter as the sole beneficiary under her will, [...]

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 Does Misreporting of Trust Income Delay Start of Medicaid Lookback Period?
0
By Harry Margolis
In Long-Term Care Planning
Posted April 3, 2023

Does Misreporting of Trust Income Delay Start of Medicaid Lookback Period?

Question: We set up a revocable trust for my mother in September 2000 for my mother with her and myself as co trustees. There are two assets in this trust: a stock portfolio generating taxable [...]

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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

Get the Book
(An Amazon Prime Reading selection)

Read Sample Chapters

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