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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: "August, 2024"
Home /
 Should We Transfer Our Property to an Irrevocable Trust?
0
By Harry Margolis
In Long-Term Care Planning
Posted August 30, 2024

Should We Transfer Our Property to an Irrevocable Trust?

Question: My husband and I live in Massachusetts. He is 75, and I am 73. We are in relatively good health, no pre-existing conditions. Our liquid assets are approximately $200,000. We own two [...]

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 How Can Siblings Share Family Farm?
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By Harry Margolis
In Real Estate
Posted August 28, 2024

How Can Siblings Share Family Farm?

Question: What is the best way to keep 33 acres of land together and have the ownership shared between 4 siblings. One sibling (myself) wishes to build a house on the land but is worried about [...]

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 Can Bank Serve As Trustee for Non-U.S. Resident?
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By Harry Margolis
In Revocable Trusts
Posted August 23, 2024

Can Bank Serve As Trustee for Non-U.S. Resident?

Question: I am a dual citizen. I live in Australia but also have an account in a U.S. bank. I were to make an revocable trust but don’t have a U.S. resident to be a trustee, how should I [...]

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 How Can I Leave My Estate to My Non-U.S. Citizen Son?
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By Harry Margolis
In Non-US Citizens, Wills
Posted August 21, 2024

How Can I Leave My Estate to My Non-U.S. Citizen Son?

Question: I am a U.S. citizen and have one adult child who has an English passport. I want to name him sole beneficiary of my estate which includes two single-family homes and money invested in [...]

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 How Should I Leave My Estate to My Teenage Daughter and Siblings Overseas?
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By Harry Margolis
In Non-US Citizens, Wills
Posted August 7, 2024

How Should I Leave My Estate to My Teenage Daughter and Siblings Overseas?

Question: I don’t have a will yet but am planning to have one soon. My wife and teenage daughter live with me here in the United States. I have siblings who live overseas. I intend to leave [...]

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 How Best Should Condo in Joint Ownership be Transferred to Irrevocable Trust?
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By Harry Margolis
In Irrevocable Trusts, Long-Term Care Planning
Posted August 2, 2024

How Best Should Condo in Joint Ownership be Transferred to Irrevocable Trust?

Question: Mother and daughter are joint tenants with right of survivorship in mother’s condo. If they want to transfer the condo to an irrevocable trust, but reserve a life estate to the [...]

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Categories
  • Asset Protection (38)
  • Charitable Giving (11)
  • Durable Powers of Attorney (54)
  • Estate and Gift Taxes (70)
  • Guardianship and Conservatorship (14)
  • Health Care Directives (15)
  • Irrevocable Trusts (77)
  • Long-Term Care Planning (197)
  • Non-Traditional Families (18)
  • Non-US Citizens (43)
  • Pets (6)
  • Practical Matters (17)
  • Probate (65)
  • Property in Other Countries (6)
  • Real Estate (122)
  • Retirement Plans (25)
  • Revocable Trusts (149)
  • Second Marriages (12)
  • Social Security (20)
  • Special Needs Planning (99)
  • Trustee (55)
  • Vacation Homes (5)
  • Wills (69)
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Wondering if a trust makes sense for you?

This comprehensive guide provides all you need to know (in plain English).

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Harry Margolis book: The Baby Boomers Guide to Estate Planning

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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