
How Should Money Flow When Selling Property in Irrevocable Trusts?
Question: My husband and I each have an irrevocable trust. Each trust holds a 50% interest in each three properties. We are selling one income-producing

Question: My husband and I each have an irrevocable trust. Each trust holds a 50% interest in each three properties. We are selling one income-producing

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

Question: Can the Grantor Get a Mortgage on House in an Irrevocable Trust? Can you get a mortgage if you are the grantor of a

Question: I have elderly parents who are looking to update their revocable trust into an irrevocable one. They would just like to put their 2

Question: If property has a line of credit from a reverse mortgage available before being placed in an irrevocable trust, can Medicaid consider the line

Question: The attorney I retained has already cost me $2,500 ($1,000 retainer fee + additional charges) for emails, mostly, and a 1/2 hour conference call).

Question: Are irrevocable trusts considered countable assets when seniors are applying for community Medicaid? Response: It depends on the trust. In evaluating a trust, the

Question: I am trustee for several trusts for a difficult and irresponsible beneficiary. I would like to appoint a successor trustee in case of my

Question: What is the difference between a revocable and an irrevocable trust? Response: Sometimes legal language is straightforward, even if usually it’s not. A revocable

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