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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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Archives

Tag Archives for: "mortgage"
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 Can I Get a Mortgage to Buy Out My Brothers’ Interest in House?
0
By Harry Margolis
In Real Estate, Revocable Trusts, Wills
Posted January 28, 2022

Can I Get a Mortgage to Buy Out My Brothers’ Interest in House?

Question: Five years ago my dad bought a house for me, though it was titled in his name. He put the down payment down and I have made all the mortgage, tax, and all payments for the house. I was [...]

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 Can Irrevocable Trust Borrow Money on Real Estate?
0
By Harry Margolis
In Irrevocable Trusts, Real Estate
Posted November 9, 2020

Can Irrevocable Trust Borrow Money on Real Estate?

Question: Can I borrow money on our house if it is in an irrevocable trust? Response: Probably not. The trust itself may or may not permit you to borrow, but no bank will loan money or take a [...]

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 Can the Grantor Get a Mortgage on House in an Irrevocable Trust?
0
By Harry Margolis
In Irrevocable Trusts, Long-Term Care Planning, Real Estate
Posted September 25, 2020

Can the Grantor Get a Mortgage on House in an Irrevocable Trust?

Question: Can you get a mortgage if you are the grantor of a home in an irrevocable trust and your trustee approves of it? Response: Not a traditional mortgage. While the trust probably would [...]

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 Can I Borrow on Properties to Pay Estate Tax?
0
By Harry Margolis
In Estate and Gift Taxes, Real Estate
Posted April 17, 2020

Can I Borrow on Properties to Pay Estate Tax?

Question: My minor child has inherited two properties along a with 15% inheritance tax that I can’t afford. I am the executor of the estate that she is inheriting. I don’t really want [...]

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 Can Medicaid Trust Borrow Money to Buy New House?
0
By Harry Margolis
In Long-Term Care Planning
Posted March 3, 2020

Can Medicaid Trust Borrow Money to Buy New House?

Question: My parents have an irrevocable trust that holds most of their assets, including their house. They are purchasing a new home but since they do not have enough money, they will have to [...]

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 Can I Borrow Money on My House in a Revocable Trust?
0
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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 If House is Only Asset in Estate, How Can Cash Be Raised for Heirs?
0
By Harry Margolis
In Long-Term Care Planning, Wills
Posted September 10, 2018

If House is Only Asset in Estate, How Can Cash Be Raised for Heirs?

Question: My friend wishes to leave me her mobile home but wants to make sure her stepchildren get some money. The value of the home is $800,000, and she wants me to have it in a way that she [...]

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 Can I Take Out a Mortgage on a Home in a Trust?
0
By Harry Margolis
In Revocable Trusts
Posted July 20, 2018

Can I Take Out a Mortgage on a Home in a Trust?

Question: My home is in a trust set up by my mother with me as beneficiary. I don’t have a mortgage but the house needs serious remodeling/upgrades as it is a 1986 model. Can I take out a [...]

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 Can You Borrow Against a Home in a Revocable Trust?
5
By Harry Margolis
In Real Estate, Revocable Trusts
Posted December 25, 2017

Can You Borrow Against a Home in a Revocable Trust?

Question: My home is in a revocable trust. Can I get a home equity loan on it? Response: Most lending institutions require that property be transferred back into the name of the owner before [...]

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Categories
  • Asset Protection (34)
  • Charitable Giving (10)
  • Durable Powers of Attorney (44)
  • Estate and Gift Taxes (56)
  • Guardianship and Conservatorship (5)
  • Health Care Directives (13)
  • Irrevocable Trusts (52)
  • Long-Term Care Planning (173)
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  • Non-US Citizens (27)
  • Pets (4)
  • Practical Matters (15)
  • Probate (38)
  • Property in Other Countries (5)
  • Real Estate (69)
  • Retirement Plans (19)
  • Revocable Trusts (102)
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  • Social Security (18)
  • Special Needs Planning (70)
  • Trustee (52)
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  • Wills (50)
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This simple-yet-comprehensive guide provides everything you need to know (in plain English).

Harry Margolis book: The Baby Boomers Guide to Estate Planning

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Read Sample Chapters

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