Question: Suppose a sibling living in New York State is in need of long-term care. She wants and become Medicaid eligible, so she is planning to transfer her cash assets to her younger sister, [...]

Question: Can a nursing home bill a resident who is a prospective long-term care Medicaid applicant a sufficient amount (around $5,000) to reduce total cash resources to less than $2,000? The [...]

Question: I have recently retired and moved from Massachusetts to Florida, though I have kept my condominium in Massachusetts.  I keep hearing “domicile” stories at cocktail parties. [...]

Question: Is there a problem with keeping my daughter’s maiden name on various estate planning documents instead of changing it to her married name? In some places, I have used both names [...]

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 [...]

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 [...]

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 [...]

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? [...]

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 [...]

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, [...]