Question: My mom passed away. I’m the trustee of her revocable trust. Should the legal name of the trust and its investment accounts now be “revocable” or [...]

Question: My father created an irrevocable trust of which I am trustee and beneficiary. He put his residence into the trust for Medicaid planning purposes. He has since passed away. Did the [...]

Question: My husband and I each have an irrevocable trust. Each trust holds a 50% interest in each three properties. We are selling one income-producing property next month. Should our closing [...]

Question: The beneficiaries want our trustee to petition the probate court to dissolve an irrevocable trust in Texas because we believe it has served it purpose. The trustee would agree. I read [...]

Question: I am trustee for a 65-year-old sibling. There are two remainder beneficiaries who are my adult children. My sibling has not shown the ability to handle his finances wisely, thus my [...]

Question: I have just read all your posts regarding irrevocable trusts. They were very significantly informative! Thank you. I am one of two co-trustees of an irrevocable trust (in [...]

Question: In a small business LLP, can a Partnership issue K-1’s in name and Social Security number of the Trustee or must it be in name of the Trust, if the Trust is listed as a Limited Partner? [...]

Question: Is it necessary to put assets into a trust, and does this protect your home from Medicaid? Response: It’s certainly not necessary to place assets into a trust, but trusts can [...]

Question: Does our trustee need to file a tax return for 2021 for our irrevocable trust established on Dec 17, 2021? The only assets in the trust are our house we are still living in and some [...]

Question: I live in New Mexico and am the sole trustee of a trust created in Colorado which is also where over 90% of the trust assets are located. I am paid compensation. To which state do I owe [...]