Question: This question is about an issue that seems to be rarely discussed. In my state, one of the standard powers of an agent under a durable power of attorney is to “resign any fiduciary [...]

Question: I have no immediate family nor close friends. I do have some distant cousins and a biological son who was adopted at birth. I’m having a hard time knowing how to start planning [...]

Question: I created a living revocable trust and sold a house that was in the trust. The purchase price was $115,000 and we made improvements which cost $7,800, which brings the cost basis to [...]

Question: I am the executor for my 89-year-old aunt in NYC. She recently spoke with a lawyer about updating her will and he recommended creating a revocable trust to avoid probate even though she [...]

Question: We are elderly married Massachusetts residents, and we own our home tenants by the entirety. We would like to put our home in a revocable shared living trust, so the house can pass from [...]

Question: My mother appointed me (her daughter) as co-trustee to serve with her. Under “Additional General Provisions regarding Fiduciaries”, it states “Except to the extent, if [...]

Question: I have a rental property that I want to put into a revocable trust. For tax purposes, can the rental income and expenses still be reported as me and not the trust? Response: Yes. As [...]

Question: If I do a trust, does anything in my life have to change? What if  I appoint two friends to be in charge of the trust? Also, can I  make sure they get compensated from the trust? [...]

Question: If a trustee creates a trust in Wisconsin, and the trust says the laws of Wisconsin will be used for its interpretation and administration, then the settlor (also the first trustee and [...]

Question: If we have QTIP trusts in our joint revocable trust to protect a surviving spouse from a second marriage gold digger or second marriage divorce, can the surviving spouse serve as the [...]