Question: I sold my apartment last year. My mother’s name was on the property because she helped me with the down payment and credit rating 30 years ago. The question is, did I inherit her half [...]

Question: What is the tax liability be on the sale of a house that was inherited through a life estate? Synopsis: life estate deed signed on 2021; life tenant passed away in 2023; prepared house [...]

Question: I’m 94 years of age and own a home in Massachusetts. When I pass, will my heirs be able to take the $250,000 federal deduction that I would have been entitled to if I have been [...]

Question: My mother’s house is in a life estate with the remainder in my sister’s and my names. She (our mother) is 86. When she passes how do we determine how much in capital gains [...]

Question: My 100-year-old mother formed an irrevocable trust for Medicaid-planning purposes back in 1997. It has a brokerage account that holds a T bill and some stocks. The stocks have a fairly [...]

Question: My father died in 2022. I was named the personal representative of his estate and sold his stock in his investment account in 2024 before distributing the proceeds to all my siblings. [...]

Question: Are There Capital Gains on Sale of Property in Revocable Trust After Grantor’s Death? My last surviving parent passed away in Massachusetts in December  2022. He held two [...]

Question: Is the best way to disburse stock 50/50 (2,000 shares) to my sister and myself? We are equal beneficiaries under our mother’s will. Should we cash it out deposit the proceeds into [...]

Question: My wife and I jointly own our residence as tenants by the entirety. I have two adult children and grandchildren from my first marriage and two adult children and grandchildren from my [...]

Question: I am  the successor trustee for my grandma who lives in Arizona. She has a home in California in her trust. I’m planning on selling the house when it’s time. My question is [...]