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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 / Real Estate /
 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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 Can I Pass On My $250,000 Capital Gains Exclusion to My Heirs?
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By Harry Margolis
In Real Estate
Posted May 2, 2025

Can I Pass On My $250,000 Capital Gains Exclusion to My Heirs?

Question: I’m 94 years of age and own a home in Massachusetts. When I pass, will my heirs be able to take the $250,000 federal deduction that I would have been entitled to if I have been [...]

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 How Can We Protect Our Home from Medicaid Estate Recovery?
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By Harry Margolis
In Asset Protection, Long-Term Care Planning, Real Estate
Posted April 23, 2025

How Can We Protect Our Home from Medicaid Estate Recovery?

Question: My wife and I have a home with joint tenants with right of survivorship with my elderly mom. We have been taking care of her for a few years. We are thinking that a move to an assisted [...]

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 How Are Capital Gains Determined After Death of Life Estate Holder?
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By Harry Margolis
In Real Estate
Posted April 11, 2025

How Are Capital Gains Determined After Death of Life Estate Holder?

Question: My mother’s house is in a life estate with the remainder in my sister’s and my names. She (our mother) is 86. When she passes how do we determine how much in capital gains [...]

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 What is the Best Way to Find an Attorney for Complex Estate Planning?
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By Harry Margolis
In Real Estate, Revocable Trusts
Posted March 26, 2025

What is the Best Way to Find an Attorney for Complex Estate Planning?

Question: We live in northern Minnesota and am organizing information to set up a trust. We have two homes, a lake home, lake property, and farmland (80 acres in South Dakota), in addition to [...]

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 How Will Irrevocable Trust Be Taxed Upon My Death?
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By Harry Margolis
In Irrevocable Trusts, Real Estate
Posted March 21, 2025

How Will Irrevocable Trust Be Taxed Upon My Death?

Question: If I place my home in an irrevocable trust with my children as beneficiaries what is the tax upon my death? Response: There is almost certainly no tax upon your death but a lot depends [...]

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 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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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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