Question: Estate planning books often discuss digital assets such as email, photos, and other items. But there’s an important issue about digital assets that seems to be rarely mentioned. In a [...]

Question: I previously read your 2020 edition of Get Your Ducks in a Row. I believe I know the answer to my question based on what I read on page 88. I’m writing on behalf of my three adult [...]

Question: So my mother is thinking of leaving her house in Texas and her house in Guatemala to me. What would be the best way for her to go about it? Should she set up a trust, or just a will [...]

Question: Must a sibling or nephew heir of an of the remaining balance in an ABLE account have to pay taxes on the funds received? The ABLE custodian does report the distribution to the IRS on [...]

Question: In this article “Can Heirs Take a Capital Loss on Return of 90% of CCRC Deposit?” you talk about the 10% not being a capital loss. But, what if the CCRC has no funding and [...]

Question: Can shares of a professional corporation (dental practice) be owned by the principal’s revocable trust (dentist is the trustee and beneficiary of the trust). When the [...]

Question: In 2014, my wife and I became co-trustees of an irrevocable trust with our son as the beneficiary, for his future education. I have never applied for an EIN as I understood I [...]

Question: My colleague is working with a caregiver who is working to get her mother on Medicaid and moved into a nursing home. Once her mother has moved in, the daughter would like to relinquish [...]

Question: We live in Massachusetts. In looking for ways to protect our home against MassHealth recovery laws, I have found two methods most talked about that will also allow for a step-up in cost [...]

Question: My mother, a Massachusetts resident, passed away in October 2022. She had an irrevocable trust, established June 2011. The only asset in the trust was her home, which was held in [...]