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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: "revocable trust"
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 How Can I Find Out If I’m a Beneficiary of a Trust?
0
By Harry Margolis
In Revocable Trusts
Posted February 14, 2021

How Can I Find Out If I’m a Beneficiary of a Trust?

Question: My uncle passed away in September of 2020. According to his son, I am named in the trust as a beneficiary. (I have received nothing from Wells Fargo to say whether this is true or not.) [...]

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 Do You Need a Durable Power of Attorney If You Have a Revocable Trust with a Successor Trustee?
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By Harry Margolis
In Durable Powers of Attorney, Revocable Trusts
Posted May 15, 2020

Do You Need a Durable Power of Attorney If You Have a Revocable Trust with a Successor Trustee?

Question: Would successor trustee powers for financial and health management on incapacitation of primary trustee in a revocable trust obviate the need for a springing power of attorney when the [...]

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 Can Guardian Appoint Himself Under Durable Power of Attorney for Ward?
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By Harry Margolis
In Durable Powers of Attorney, Real Estate
Posted May 12, 2020

Can Guardian Appoint Himself Under Durable Power of Attorney for Ward?

Question: Can a legal guardian of an elderly parent still appoint himself as a durable power of attorney to sell a property without a court’s permission? Then withdraw the guardianship [...]

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 Why Do I Need a Power of Attorney If I Have a Trust?
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By Harry Margolis
In Durable Powers of Attorney
Posted March 20, 2020

Why Do I Need a Power of Attorney If I Have a Trust?

Question: If I have a revocable trust (funded) with incapacity provisions, and pour over will in place, why would I need a power of attorney springing only in case of incapacity? Response: Good [...]

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 What Should be in Place for a Very Simple Estate?
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By Harry Margolis
In Probate, Wills
Posted February 11, 2020

What Should be in Place for a Very Simple Estate?

Question: My mother is 90 years old and in good health but never planned for leaving this earth. She is a single woman and I am her daughter. She owes $23,000 on her home and lives off of Social [...]

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 What are the Tax Consequences if I Transfer Real Estate into Trust?
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By Harry Margolis
In Real Estate, Revocable Trusts
Posted December 20, 2019

What are the Tax Consequences if I Transfer Real Estate into Trust?

Question: If I transfer real estate into a regular trust, does it constitute a sale and result in capital gain tax and property basis step-up? What if I transfer it to a nominee trust? Response: [...]

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 How Best Can I Arrange for Financial Management if I’m Single?
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By Harry Margolis
In Durable Powers of Attorney, Non-Traditional Families, Revocable Trusts
Posted October 5, 2018

How Best Can I Arrange for Financial Management if I’m Single?

Question: I’m single, age 71, with no one able or capable to serve as my agent under a durable power of attorney. My concern is what happens if I become mentally incapacitated. I have [...]

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 How Can I Prevent my 55+ Apartment from Going Through Probate?
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By Harry Margolis
In Probate, Revocable Trusts
Posted December 8, 2017

How Can I Prevent my 55+ Apartment from Going Through Probate?

Question: I am working on estate planning and have varying opinions on how to handle my property. I moved into an affordable 55+ co-op that is owned by a non-profit.  I own a share in the [...]

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 Why Are Revocable Trusts So Long?
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By Harry Margolis
In Revocable Trusts
Posted March 10, 2017

Why Are Revocable Trusts So Long?

In principle, a trust document can be as short as this: I, Hillary, hereby create this trust as grantor and trustee. If I ever become incapacitated or upon my death, my husband, Bill, will step [...]

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 What is a Revocable Trust and Why Would You Want One?
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By Harry Margolis
In Revocable Trusts
Posted March 10, 2017

What is a Revocable Trust and Why Would You Want One?

Over my decades of practice, I have become a strong proponent of revocable trusts as a means to avoid probate and, more importantly, to provide for asset management in the event of incapacity. [...]

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  • Asset Protection (32)
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  • Durable Powers of Attorney (34)
  • Estate and Gift Taxes (37)
  • Guardianship and Conservatorship (2)
  • Health Care Directives (12)
  • Irrevocable Trusts (8)
  • Long-Term Care Planning (136)
  • Non-Traditional Families (12)
  • Non-US Citizens (13)
  • Pets (3)
  • Practical Matters (15)
  • Probate (18)
  • Property in Other Countries (3)
  • Real Estate (30)
  • Retirement Plans (11)
  • Revocable Trusts (64)
  • Second Marriages (9)
  • Social Security (16)
  • Special Needs Planning (59)
  • Trustee (45)
  • Vacation Homes (3)
  • Wills (38)
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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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