• take action: Plan Your Estate
  • Ask a Question

    Ask Harry a Question

    • This field is for validation purposes and should be left unchanged.

    Close
  • Books
  • Podcasts
  • Guides
  • Subscribe

    Subscribe to the Ask Harry blog

    Loading
    Close
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.
  • Ask a Question

    Ask Harry a Question

    • This field is for validation purposes and should be left unchanged.

    Close
  • Books
  • Podcasts
  • Guides
  • Subscribe

    Subscribe to the Ask Harry blog

    Loading
    Close

Irrevocable Trusts

Home / Irrevocable Trusts /
 Should Revocable Trust be Renamed “Irrevocable” When Grantor Dies?
0
By Harry Margolis
In Irrevocable Trusts, Revocable Trusts
Posted December 9, 2022

Should Revocable Trust be Renamed “Irrevocable” When Grantor Dies?

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 [...]

READ MORE
 Will House in Medicaid Planning Trust Receive Step-up in Basis?
0
By Harry Margolis
In Irrevocable Trusts, Real Estate
Posted November 7, 2022

Will House in Medicaid Planning Trust Receive Step-up in Basis?

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 [...]

READ MORE
 How Should Money Flow When Selling Property in Irrevocable Trusts?
0
By Harry Margolis
In Irrevocable Trusts
Posted October 21, 2022

How Should Money Flow When Selling Property in Irrevocable Trusts?

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 [...]

READ MORE
 What are the Downsides of Dissolving Our Generation-Skipping Trust?
0
By Harry Margolis
In Estate and Gift Taxes, Irrevocable Trusts
Posted October 7, 2022

What are the Downsides of Dissolving Our Generation-Skipping Trust?

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 [...]

READ MORE
 What Can Trustee Do About Difficult Beneficiary?
3
By Harry Margolis
In Irrevocable Trusts
Posted September 2, 2022

What Can Trustee Do About Difficult Beneficiary?

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 [...]

READ MORE
 What is Required for a Nonjudicial Trust Settlement in Massachusetts?
0
By Harry Margolis
In Irrevocable Trusts
Posted August 1, 2022

What is Required for a Nonjudicial Trust Settlement in Massachusetts?

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 [...]

READ MORE
 What Happens When Grantor of Revocable Trust LLP Partner Dies?
0
By Harry Margolis
In Irrevocable Trusts
Posted July 25, 2022

What Happens When Grantor of Revocable Trust LLP Partner Dies?

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? [...]

READ MORE
 Must I Put My Home in Trust to Protect it from Medicaid?
0
By Harry Margolis
In Irrevocable Trusts, Long-Term Care Planning
Posted June 13, 2022

Must I Put My Home in Trust to Protect it from Medicaid?

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 [...]

READ MORE
 Must Irrevocable Trust with Just $10 of Income File 1041 Return?
0
By Harry Margolis
In Irrevocable Trusts
Posted May 2, 2022

Must Irrevocable Trust with Just $10 of Income File 1041 Return?

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 [...]

READ MORE
 In What State Should Trustee File Return for Out-of-State Trust?
0
By Harry Margolis
In Irrevocable Trusts, Trustee
Posted April 29, 2022

In What State Should Trustee File Return for Out-of-State Trust?

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 [...]

READ MORE
1 2 3 4 5
page 1 of 5
Categories
  • Asset Protection (34)
  • Charitable Giving (10)
  • Durable Powers of Attorney (43)
  • Estate and Gift Taxes (55)
  • Guardianship and Conservatorship (5)
  • Health Care Directives (13)
  • Irrevocable Trusts (49)
  • Long-Term Care Planning (170)
  • Non-Traditional Families (16)
  • Non-US Citizens (23)
  • Pets (3)
  • Practical Matters (15)
  • Probate (37)
  • Property in Other Countries (4)
  • Real Estate (66)
  • Retirement Plans (19)
  • Revocable Trusts (98)
  • Second Marriages (11)
  • Social Security (18)
  • Special Needs Planning (69)
  • Trustee (52)
  • Vacation Homes (3)
  • Wills (50)
© All Rights Reserved  |  Privacy Policy

Start typing and press Enter to search

Putting off planning your estate?

Don’t know where to start?

This simple-yet-comprehensive guide provides everything you need to know (in plain English).

Get the Book

Harry Margolis book: The Baby Boomers Guide to Estate Planning

Read Sample Chapters

Putting off planning your estate?

This simple-yet-comprehensive guide provides everything you need to know (in plain English).

Harry Margolis book: The Baby Boomers Guide to Estate Planning

Get the Book

Read Sample Chapters

subscribe