Will Property in Trust Receive Step-Up Upon Beneficiary’s Death?
Question: Will Property in Trust Receive Step-Up Upon Beneficiary’s Death? My brother’s inheritance is in trust. It includes a 50% interest in my parent’s home that he lives in [...]
Will Appointment of Trustee Cause Taxation of Trust in Their State?
Question: The online trust services I have contacted (LegalZoom, Trust & Will) include standard recitations that the overseas grantor lives in a US state with no option not to select one. I [...]
Can Non-U.S. Resident Create Revocable Trust in the United States?
Question: Can an overseas U.S. citizen set up a revocable grantor living trust for their U.S. financial assets without a U.S. state of residency specified? Response: Yes, that should be fine. But [...]
Should Terminally Ill Woman Pay Her Credit Card Bills?
Question: I was put in touch with a friend of a friend whose mother is unfortunately in the final days or weeks of a terminal cancer. Her attorney advised her not to pay her mother’s [...]
Is Estate on the Hook for Rent on Decedent’s Apartment?
Question: I was put in touch with a friend of a friend whose mother is, unfortunately, in the final days or weeks of a terminal cancer. Her mother is renting a condo in Massachusetts. What [...]
How Should We Keep Track of Our Family Accounts?
Question: I am trying to set up the chart of accounts for our family’s (my wife’s & mine) accounting. How do I categorize our (my wife’s & mine) revocable trust? Do I [...]
