Question: We live in California where we had a lawyer draw up a trust for our son in case of our deaths. We have put all our real estate assets in it. The lawyer who did this retired without [...]

Question: I am the trustee for a nominee trust that holds a family home and trustee for a family trust which is listed on the schedule of beneficiaries of the nominee trust. Do I need the [...]

Question: I am a remainderman with five others of property held in a life estate. The life estate holder is asking for reimbursement from the remaindermen for expenses paid for the house. I [...]

Question: I read your article on reverse mortgages, particularly interested in the pros and cons, but mostly the private reverse mortgage. I would like to purchase a home that is owned by an [...]

Question: Do nominee realty trusts have to go through probate? Response: Theoretically, yes, but in practice, no. To understand this distinction, we’ll have to start with an explanation of [...]

Question: Just purchased the book. It’s great so far! Skipping around at different sections of the book that are of interest, but plan to read it, front to back. Just a quick question [...]

Question: I would like a straight answer to this question. Can I add a new home to my trust by submitting a witness signature, or notary, or my witnesses signatures? Is this new home [...]

Question: We have a grantor irrevocable trust from our mother. Her house is for sale and we’re not sure if a step-up in basis is an option or do we carry forward her basis if we do a 1031 [...]

Question: I enjoyed your book very much, and last October 2020, I set up a revocable trust and transferred a 2nd vacation home located in Massachusetts into the trust. However, I recently [...]

Question: We are thinking of putting my dad’s home in a trust! He has a 15-year mortgage and we have been told if we do this then all the property tax and insurance will be based on my age [...]