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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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Real Estate

Home / Long-Term Care Planning /
 How Can Remainder Interest Be Changed from Joint Tenants to Tenants in Common?
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By Harry Margolis
In Long-Term Care Planning, Real Estate
Posted December 20, 2025

How Can Remainder Interest Be Changed from Joint Tenants to Tenants in Common?

Question: In an attempt to find solutions to bypass probate, my husband and I set up a life estate in 2011. Both of our children are the remaindermen, and they hold title as joint tenants on the [...]

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 What is the Remedy When Co-Trustee Acts Unilaterally?
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By Harry Margolis
In Real Estate, Revocable Trusts
Posted December 11, 2025

What is the Remedy When Co-Trustee Acts Unilaterally?

Question: I’m a co-trustee and beneficiary of a Massachusetts realty trust. Since our father passed in 2024, my brother (also co-trustee) has made attempts to sell the property in the trust and [...]

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 What Should Widow with One Child Do With Her Home?
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By Harry Margolis
In Real Estate, Wills
Posted November 19, 2025

What Should Widow with One Child Do With Her Home?

Question: I need to make a new will since the one I have is almost 40 years old, and so much has changed since then. My concern is for my adult daughter, who is single, never married, and lives [...]

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 What Are the Capital Gains on the Sale of a Remainder Interest?
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By Harry Margolis
In Real Estate
Posted October 3, 2025

What Are the Capital Gains on the Sale of a Remainder Interest?

Question: April who is 93 years old owns property worth $1 million which she bought for $50,000. It’s subject to a $700,000 reverse mortgage. To further complicate the picture, April [...]

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 What Should I Do If Husband Threatens to Leave House to Daughter?
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By Harry Margolis
In Real Estate, Revocable Trusts
Posted September 25, 2025

What Should I Do If Husband Threatens to Leave House to Daughter?

Heading: I live in my husband’s house which is in his name. He became mentally ill (breakdown/bipolar), stole my savings so I am on benefits and after 1 1/2 years of caring for him and went awol [...]

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 Does the Step-Up in Basis Occur Upon Death or When Estate is Probated?
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By Harry Margolis
In Probate, Real Estate
Posted September 10, 2025

Does the Step-Up in Basis Occur Upon Death or When Estate is Probated?

Question: I sold my apartment last year. My mother’s name was on the property because she helped me with the down payment and credit rating 30 years ago. The question is, did I inherit her half [...]

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 Does Massachusetts Millionaires Tax Subject All Income to Surcharge?
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By Harry Margolis
In Real Estate
Posted June 11, 2025

Does Massachusetts Millionaires Tax Subject All Income to Surcharge?

Question: Regarding capital gains taxes in Massachusetts: Say I bought my house many years ago for $500,000 and put in $250,000 of improvements. My base is $750,000. My wife and I sell the house [...]

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By Harry Margolis
In Probate, Real Estate
Posted June 4, 2025

May Personal Representative of Estate Charge Commission on Sale of Home?

Question: Is an independent administrator entitled to a 5% commission fee on the sale of a home when there was a real estate commission fee of 6% paid during the administration of the estate. [...]

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 What is Tax Liability on Sale of House Inherited Through Life Estate?
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By Harry Margolis
In Real Estate
Posted May 23, 2025

What is Tax Liability on Sale of House Inherited Through Life Estate?

Question: What is the tax liability be on the sale of a house that was inherited through a life estate? Synopsis: life estate deed signed on 2021; life tenant passed away in 2023; prepared house [...]

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 How Do We Calculate the Capital Gains on Sale of Property In Life Estate?
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By Harry Margolis
In Real Estate
Posted May 9, 2025

How Do We Calculate the Capital Gains on Sale of Property In Life Estate?

Question: My parents created a life estate in Rhode Island. My dad passed away in 2022. The estate attorney noted the value of the home at $852K. Based on the life estate his estate reflected his [...]

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Wondering if a trust makes sense for you?

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Harry Margolis book: The Baby Boomers Guide to Estate Planning

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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