Question: I would like to find a way to put some low-cost housing for other seniors getting priced out of their homes on land I own in Florida. How can I do this without getting taxed to death? Response: That’s definitely an admirable and necessary goal. You can avoid taxes, and even benefit from a
Question: My mother passed away on February 5, 2025, and she had a living trust set up with my brother and me as beneficiaries. My mom had four credit cards with outstanding balances totaling about $4,000 all together. Our attorney said not to pay them because it’s likely that they would forgive the debt. And
Question: I have a rather complicated scenario that started as a result of my taking on paying my mother‘s bills when I discovered that she had stopped doing so. During this time, my brother moved in and was living with my mother 100% off of her financial resources. He turned the house into a hoarder
Question: Can you add an addendum to a life estate. My parents created a life estate and the attorney told them they had to put their three children on the deed even though they only wanted to include two. Can the life estate be amended? Response: It depends if the third child agrees to give
Question: Situation: Co-grantors created a revocable trust in Oregon with their son (A) as a successor trustee and beneficiary of a 70% share. The other beneficiary (B) is their son’s four-year-old child who will receive a 30% share. Their son’s wife (C) is the successor trustee to their son. Questions: If A were to predecease
Question: My mother passed away earlier this year leaving a living trust that says that everything should be split between with my brother and myself 50/50. Now my question: How long should an investment business take to divide them and put them in our names? We started the process three months ago. From what I
