Question: I inherited lake shore property (vacant land–no house) that I am now selling. How do I figure the capital gains on the sale? Response: The capital gain will be the difference [...]

Question: We recently sold my father’s home which was in a trust. My sister lived with my father from the 1990 until my father died in 2005, and continued to live at the property until 2022 [...]

Question: My sister owns half of a seven-unit apartment building with my brother. She wants quarterly reports and wants to be part of the decisions made with building, but my brother’s [...]

Question: We share a house with our daughter and son-in-law. They pay on the mortgage but the mortgage is in our name as we had better credit. In addition, the title to the house is in our [...]

Question: Wife transfers her 50% interest in their house to husband’s revocable trust. Husband dies and 100% of house owned by credit trust in H’s trust of which W is beneficiary. When W dies,  [...]

Question: About 15 years ago, my Dad, my brother and I quitclaimed our share of four properties into a nominee trust in Massachusetts. My sister didn’t put her share into the trust. The four [...]

Question: My mom lives in an apartment in Escondido, California. She has been on HUD for many years. She is 89 and I want her to move in with me so I can take care of her. I would have to evict a [...]

Question: My husband’s parents have a life estate….father passed away, mother recently moved to a nursing home. Siblings want to sell house. Is this possible without the life use [...]

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 dad who is 81 years old has been ill for the entire summer, I want to try to get him in a position to qualify for MassHealth in the future. He owns a condo that is in a life estate [...]