Question: I am 72 years old in good health at the present time. However I own a piece of land with an estimated value of $1 million, but do not own a home or anything else of value. What is the [...]
Question: My mom is going to transfer the deed of her house to my name only, but she would like some kind of agreement that she can live in the house for as long as she lives—almost as a [...]
Question: Do I need an attorney to prepare a Miller trust fund, or can I get the form and do it myself? Response: A Miller or “qualified income” trust is a curious artifact of our [...]
Question: If I were to need long term care, how could I protect my $800,000 traditional IRA from Medicaid and pass it on to my heirs? Response: That is very difficult because you can’t [...]
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 [...]
Question: My mother has a life estate in her home through a Lady Bird deed. It is her desire that the house go to me, her only child. I am also her agent under her durable power of attorney. If [...]
Question: How do I go about setting up a trust that will protect my money from going to a nursing home instead of to my daughter? Response: That is a big question and I’ll start by [...]
Question: My parents have a family acreage. My mother is going to be in need of a nursing home soon. My father does not want to have the state liquidate this property; instead, had wished to pass [...]
Question: My mother is applying for Medicaid for my step-dad. We found several gold and silver coins that he had apparently been collecting and stashing in his closet. Are these considered [...]
Question: I am my mother’s Power of Attorney. She is 99 years old and in assisted living. She has enough money to cover her costs there for approximately two more years. She has her home in [...]