Question: I am trying to set up the chart of accounts for our family’s (my wife’s & mine) accounting. How do I categorize our (my wife’s & mine) revocable trust? Do I [...]
Question: I have question regarding taxable income. I am a US citizen living in Thailand. Over the next several years I want to build a house with my domestic partner of the the past 22 years who [...]
Question: We have a special needs trust for our daughter to be funded by a life insurance policy on my husband’s life. We’re wondering if we should transfer the policy to the trust in [...]
Question: I am eager to understand how the new Massachusetts estate tax legislation may impact our estate planning strategies. Specifically, I am curious to know whether it includes provisions [...]
Question: What percentage of present value of a pension is included in CT 706NT? Response: I don’t know about Connecticut in particular, but it likely follows the federal rules. Under those [...]
Question: My wife and I live in the great state of Massachusetts and have each funded our own individual credit shelter trusts for $1 million. Beyond that we have about $500,000 in a joint bank [...]
Question: My husband passed away. I owned stocks in only my name. Are the stocks part of his estate? Response: No. What’s yours is yours and what was his is in his estate. In terms of [...]
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: If we have QTIP trusts in our joint revocable trust to protect a surviving spouse from a second marriage gold digger or second marriage divorce, can the surviving spouse serve as the [...]
Question: Wife transfers her 50% interest in their house to husband’s revocable trust. Husband dies and 100% of house owned by credit trust in H’s trust of which W is beneficiary. When W dies, [...]