Question: What are the top preventive measures that every solo ager (or solo agers to-be) should implement to avoid becoming victims of elder abuse? Response: “Solo agers” are older [...]

Question: My wife and I have absolutely no one but each other to be our agents under our powers of attorney. After one of us passes, is there a place or a kind of firm that could assume that role [...]

Question: My mother’s house is in a life estate with the remainder in my sister’s and my names. She (our mother) is 86. When she passes how do we determine how much in capital gains [...]

Question: I have a living trust done in the State of West Virginia back in 1994. I moved to Florida in 2023. The trust was reviewed and amended by attorney in 2016. Q1. How do I update the trust [...]

Question: My grandmother passed away in 2001 in Massachusetts and died intestate leaving her house. My uncle and mother are her direct descendants. My uncle lives in the house but is currently [...]

Question: We live in northern Minnesota and am organizing information to set up a trust. We have two homes, a lake home, lake property, and farmland (80 acres in South Dakota), in addition to [...]

Question: If I place my home in an irrevocable trust with my children as beneficiaries what is the tax upon my death? Response: There is almost certainly no tax upon your death but a lot depends [...]

Question: In your Capital Gains summary you mention life estates and joint ownership as options to transfer property to children. Wouldn’t either of these options result in a gift tax? We [...]

Question: I need information about divorcing my husband so he can get Medicaid coverage for nursing home care. Would I be able to retire without losing my pension, to live off of? I also own a [...]

Question: I’m the personal representative of my uncle’s estate. I’ve taken care of just about everything that needs to be done and would like to distribute the estate, but one [...]