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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: "July, 2023"
Home /
 How Much Can You Distribute from a Special Needs Trust Each Year?
0
By Harry Margolis
In Special Needs Planning
Posted July 31, 2023

How Much Can You Distribute from a Special Needs Trust Each Year?

Question: Do you know of a good resource to give SNT trustees more information/education about safe withdrawal rates? Being a trustee of a friend’s trust is a very, very difficult job, [...]

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 Will My Grandmother’s House be Subject to the Massachusetts Estate Tax?
2
By Harry Margolis
In Pets
Posted July 28, 2023

Will My Grandmother’s House be Subject to the Massachusetts Estate Tax?

Question: I am middle aged, single, and reside with my grandmother who is in her 90s. I help her with day-to-day things. My mother, who is disabled and receives SSDI, lives in the same house. I [...]

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 Is Massachusetts a “Race” or “Notice” State with Respect to Deed Recording?
1
By Harry Margolis
In Real Estate
Posted July 24, 2023

Is Massachusetts a “Race” or “Notice” State with Respect to Deed Recording?

Question: I was curious as to whether Massachusetts was a notice, race-notice, or race jurisdiction concerning recording statutes, and I found an article that stated that Massachusetts was a [...]

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 What Will Happen in Case of SSI Overpayment Due to Trust?
1
By Harry Margolis
In Special Needs Planning
Posted July 21, 2023

What Will Happen in Case of SSI Overpayment Due to Trust?

Question: My friend has been collecting SSI for many years and had to claim her Social Security when she turned 62 about a year ago in 2022. During this process, her financial situation was [...]

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 Can I Use My Section 8 Certificate to Rent from My Daughter in Georgia?
0
By Harry Margolis
In Special Needs Planning
Posted July 17, 2023

Can I Use My Section 8 Certificate to Rent from My Daughter in Georgia?

Question: My daughter and son-in-law are buying a new house in Georgia that has an in-law home on the property. Will they be able to rent to me using my section 8 certificate? I am on Social [...]

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 What Can I Do to Prevent Foreclosure if Life Estate Owner is Not Paying Taxes?
2
By Harry Margolis
In Real Estate
Posted July 14, 2023

What Can I Do to Prevent Foreclosure if Life Estate Owner is Not Paying Taxes?

Question: My mother left her home in a life estate for a family friend who hasn’t paid the taxes for the last three years. As a result, the property is scheduled to go foreclosure at the [...]

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 What are the Inheritance Rights of Posthumously-Conceived Children and Grandchildren?
0
By Harry Margolis
In Wills
Posted July 12, 2023

What are the Inheritance Rights of Posthumously-Conceived Children and Grandchildren?

Question: This question is about an issue that’s rarely discussed: inheritance rights of posthumously conceived children. In my will, my definition of descendants who are eligible for inheritance [...]

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2
By Harry Margolis
In Irrevocable Trusts, Probate
Posted July 5, 2023

When is It Safe to Make a Final Distribution from My Mother’s Trust?

Question: I am the trustee for my mother’s irrevocable trust. She passed in 2020. All the assets in the trust have been distributed to the four beneficiaries. The only asset remaining is a [...]

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 Can Special Needs Trust Pay for Beneficiary’s Food and Rent?
7
By Harry Margolis
In Social Security, Special Needs Planning
Posted July 4, 2023

Can Special Needs Trust Pay for Beneficiary’s Food and Rent?

Question: Can a special needs trust help pay for my son’s food and rent, if SSDI is not enough? What if he receives SSI? Response: Certainly. Social Security Disability Income (SSDI) is not [...]

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Categories
  • Asset Protection (37)
  • Charitable Giving (11)
  • Durable Powers of Attorney (52)
  • Estate and Gift Taxes (69)
  • Guardianship and Conservatorship (9)
  • Health Care Directives (14)
  • Housing and Urban Development (HUD) (1)
  • Irrevocable Trusts (76)
  • Long-Term Care Planning (190)
  • Non-Traditional Families (17)
  • Non-US Citizens (40)
  • Pets (6)
  • Practical Matters (17)
  • Probate (62)
  • Property in Other Countries (6)
  • Real Estate (114)
  • Retirement Plans (25)
  • Revocable Trusts (144)
  • Second Marriages (12)
  • Social Security (20)
  • Special Needs Planning (96)
  • Trustee (55)
  • Vacation Homes (5)
  • Wills (67)
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Wondering if a trust makes sense for you?

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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