I suggest that you go see an Estate Planning Attorney who knows about Estate Tax issues and can provide you with the best advice. You want someone...

Do we legally have to give our gift back?

Once someone gives you a gift, the item is yours and you have no legal obligation to return it, even if the giver asks for it back. However, it...

A key issue here is what type of benefits are you receiving now and what type might you need in the future. All of your suggested transactions...

Would proceeds from the sale of a property in a living trust be considered assets for medicaid purposes?

It really depends on the terms of the Trust. If it is a revocable trust and your parents are the beneficiaries of the trust, then the assets belong...

Can the Trust pay taxes fromi inherited IRA.s and how much taxes in Mass?

"Public Benefits" is a broad term. Some benefits are effected by assets and income and others are not. You may want to see an adviser, even...

Can we use a reverse mortgage credit line to pay for nursing home for our father while we file for MA health long term coverage?

The nursing home cannot discharge him while his Medicaid application is pending and they cannot charge him the private pay amount. See an Elder...

Whose name do we put on the lease and the board of Health paper if my mom is still alive, and I am her power of attorney?

When you are acting under a Power of Attorney you are doing things in the name of the Principal (the person who signed the document granting you...

Where do I get a form to properly disclaim all of my rights in a real estate trust in Mass.?

There is no "form" for this. A document needs to be prepared but you should also be carefully advised on the consequences of what you are doing...

How can we protect our children's inheritance?

You can do this, but you should really consider whether or not you should. Discuss this with your child (perhaps without the in-law present). ...

The transaction is fairly simple, but the consequences are large and complex, so this should be discussed thoroughly and properly with an...