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 [...]

Question: My father died in 2022. I was named the personal representative of his estate and sold his stock in his investment account in 2024 before distributing the proceeds to all my siblings. [...]

Question: Is the best way to disburse stock 50/50 (2,000 shares) to my sister and myself? We are equal beneficiaries under our mother’s will. Should we cash it out deposit the proceeds into [...]

Question: My wife and I jointly own our residence as tenants by the entirety. I have two adult children and grandchildren from my first marriage and two adult children and grandchildren from my [...]

Question: My father died in 1988. There were unclaimed funds in New York which were in the form of stocks. Of course, over 36 years the stock appreciated a lot so there will be capital gains. The [...]

Question: I am  the successor trustee for my grandma who lives in Arizona. She has a home in California in her trust. I’m planning on selling the house when it’s time. My question is [...]

Question: I am successor trustee for my mom’s living revocable trust. Her trust assets are currently held in a brokerage account in the form of stocks and mutual funds. After her death, my [...]

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 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 [...]