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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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Estate and Gift Taxes

Home / Estate and Gift Taxes /
 Will Adding Our Daughter to the Deed for Our House Cause a Gift Tax?
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By Harry Margolis
In Estate and Gift Taxes, Real Estate
Posted March 19, 2025

Will Adding Our Daughter to the Deed for Our House Cause a Gift Tax?

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 [...]

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 Can I Leave Money to a Charity in Another Country?
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By Harry Margolis
In Estate and Gift Taxes
Posted November 15, 2024

Can I Leave Money to a Charity in Another Country?

Question: My estate in general is less than the taxable federal limit. Is there a problem in leaving a portion of it to an organization in London, England, that is certified as a non-profit [...]

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 Can We Use Funds from Our SLATs to Assist Our Son?
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By Harry Margolis
In Estate and Gift Taxes, Irrevocable Trusts
Posted October 16, 2024

Can We Use Funds from Our SLATs to Assist Our Son?

Question: My husband and I have SLATs set up. The only beneficiaries are our son and 2 grandsons. Our son lost his job and has been looking without luck for 4 months for a new one. He is very [...]

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 How Do You Mesh Estate Tax and Long-Term Care Planning in Massachusetts?
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By Harry Margolis
In Estate and Gift Taxes, Long-Term Care Planning
Posted September 28, 2024

How Do You Mesh Estate Tax and Long-Term Care Planning in Massachusetts?

Question: I have a married couple who want an irrevocable trust as they are concerned with asset protection and long-term care. They are close enough to having a Massachusetts estate tax where it [...]

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 Why Must We File a Massachusetts Estate Tax for Vacation House in Trust?
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By Harry Margolis
In Estate and Gift Taxes
Posted July 25, 2024

Why Must We File a Massachusetts Estate Tax for Vacation House in Trust?

Question: My parents were Florida residents. My father passed away in 2020 and my mother this year. My father’s living trust holds title to their vacation home in Massachusetts. The trust [...]

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 How Should We Keep Track of Our Family Accounts?
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By Harry Margolis
In Estate and Gift Taxes
Posted February 2, 2024

How Should We Keep Track of Our Family Accounts?

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 [...]

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 Do I Need to File a Gift Tax Return for Gifts to Non-U.S. Citizen?
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By Harry Margolis
In Estate and Gift Taxes, Non-US Citizens
Posted January 5, 2024

Do I Need to File a Gift Tax Return for Gifts to Non-U.S. Citizen?

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 [...]

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 Can Special Needs Trust Also Be an ILIT to Avoid Taxation of Life Insurance Proceeds?
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By Harry Margolis
In Estate and Gift Taxes, Irrevocable Trusts, Special Needs Planning
Posted December 8, 2023

Can Special Needs Trust Also Be an ILIT to Avoid Taxation of Life Insurance Proceeds?

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 [...]

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 Should We Keep Our Estate Tax Plan Under New Massachusetts Estate Tax Law?
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By Harry Margolis
In Estate and Gift Taxes
Posted October 23, 2023

Should We Keep Our Estate Tax Plan Under New Massachusetts Estate Tax Law?

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 [...]

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 How are Pensions Valued for Estate Tax Purposes?
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By Harry Margolis
In Estate and Gift Taxes
Posted October 11, 2023

How are Pensions Valued for Estate Tax Purposes?

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 [...]

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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

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