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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: "trust distribution"
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 What is the Process for Closing Out a Revocable Trust Upon Grantor’s Death?
0
By Harry Margolis
In Revocable Trusts
Posted February 13, 2023

What is the Process for Closing Out a Revocable Trust Upon Grantor’s Death?

Question: What is the process (“best”, if more than one) for accounting for and dissolving a revocable living trust upon death of the surviving parent (as the primary trustee). The [...]

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 Should We Liquidate or Distribute Trust Investments after Grantor’s Death?
6
By Harry Margolis
In Probate, Revocable Trusts
Posted December 19, 2022

Should We Liquidate or Distribute Trust Investments after Grantor’s Death?

Question: I am the trustee for mother’s revocable trust containing close to $500,000 in mutual funds, cash and some stocks. There are six equal beneficiaries. Should we liquidate the funds and [...]

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 Are Trust Distributions on Behalf of a Medicaid Beneficiary Taxable Income?
0
By Harry Margolis
In Long-Term Care Planning
Posted June 24, 2022

Are Trust Distributions on Behalf of a Medicaid Beneficiary Taxable Income?

Question: I understand that trust distributions are not generally income for Medicaid purposes when paid to a provider of services rather than directly to the beneficiary (and presumably would [...]

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 Should Appreciated Assets in Estate be Liquidated Before Distribution?
0
By Harry Margolis
In Probate
Posted November 29, 2021

Should Appreciated Assets in Estate be Liquidated Before Distribution?

Question: My mom passed in November 2018. I am the executor of her estate. She left an estate brokerage account that contains 2 mutual funds. The value of the funds has increased in the last 3 [...]

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 What Penalty is There for a Late Trust Distribution?
0
By Harry Margolis
In Revocable Trusts
Posted October 19, 2021

What Penalty is There for a Late Trust Distribution?

Question: We just learned that we were supposed to divide and distribute the trust property upon the death of our father. Unfortunately, we did not do that and he died in April 2016. Is there a [...]

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 Can Brother Charge $119,000 Trustee Fee on Trust Holding $190,000?
0
By Harry Margolis
In Probate, Trustee
Posted March 4, 2021

Can Brother Charge $119,000 Trustee Fee on Trust Holding $190,000?

Question: One brother and I were both appointed as POAs and healthcare advocates in a trust for our mother. My brother assumed financial and healthcare decisions as he lived closer. There are 7 [...]

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 How Are My Trust Distributions Taxed?
2
By Harry Margolis
In Special Needs Planning
Posted April 12, 2019

How Are My Trust Distributions Taxed?

Question: I am a remainder beneficiary of an irrevocable Special Needs Trust. The beneficiary has died and I will get my share of the final disbursement. I have been told that much of the trust [...]

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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 (53)
  • Long-Term Care Planning (174)
  • Non-Traditional Families (17)
  • Non-US Citizens (27)
  • Pets (4)
  • Practical Matters (15)
  • Probate (38)
  • Property in Other Countries (5)
  • Real Estate (71)
  • Retirement Plans (19)
  • Revocable Trusts (105)
  • Second Marriages (11)
  • Social Security (18)
  • Special Needs Planning (70)
  • Trustee (52)
  • Vacation Homes (3)
  • Wills (50)
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