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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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Tag Archives for: "home equity loan"
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 Should I Transfer My Mother’s Home to a Revocable or Irrevocable Trust?
2
By Harry Margolis
In Irrevocable Trusts, Long-Term Care Planning, Real Estate, Revocable Trusts
Posted October 20, 2020

Should I Transfer My Mother’s Home to a Revocable or Irrevocable Trust?

Question: I would like to set up a trust in my mothers name. I am her POA and health advocate. Mom was able to get Medicaid this past May and my promise was to keep her in her home and avoid a [...]

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 Should We Transfer Our House with a Home Equity Loan to Our Children?
0
By Harry Margolis
In Real Estate, Revocable Trusts
Posted May 19, 2020

Should We Transfer Our House with a Home Equity Loan to Our Children?

Question: We have a home equity line of credit on our home, on which we owe $6,000 now. If we deeded it to a revocable trust to pass to our children upon our deaths, could we still borrow on the [...]

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 Can We Take Out a Home Equity Loan on Our House in Trust?
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By Harry Margolis
In Real Estate, Revocable Trusts
Posted September 5, 2019

Can We Take Out a Home Equity Loan on Our House in Trust?

Question: Our home loan is paid off. We have our home in a trust for our children to receive in the event of our death. Can we take out a home equity loan on our home? Do we have to remove it [...]

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 Can I Borrow Money on My House in a Revocable Trust?
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By Harry Margolis
In Revocable Trusts
Posted November 30, 2018

Can I Borrow Money on My House in a Revocable Trust?

Question: I have a mortgage on my house and also I have put it in a revocable trust with me as trustee. Can I get a small equity loan on the home to pay off credit cards? I have a big equity in [...]

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 How Can My Parents Borrow Against House in Irrevocable Trust?
0
By Harry Margolis
In Long-Term Care Planning
Posted December 22, 2017

How Can My Parents Borrow Against House in Irrevocable Trust?

Question: My parents’ home (paid off/no mortgage) located in New Hampshire is in an irrevocable trust (5+ years now). I am one of the trustees. This week they signed a P & S to purchase [...]

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