Archived
I am Trustee for an Irrevocable Trust. Upon the death of the "settlor", the funds were to be divided "into equal shares"
Peter's answer
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Answered on May 29, 2015
You should meet with an attorney to review this situation more closely. As a Trustee, you have fiduciary obligations to the beneficiaries that can...
Archived
How to legally get 5 signatures for a small estate form that needs to be notarized, when the signers reside in different states?
Peter's answer
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Answered on May 25, 2015
If it is a Virginia form you should contact a Virginia probate attorney - or the probate court itself - to find out the local custom of obtaining...
How can I find out how much a MassHealth lien is?
Peter's answer
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Answered on May 17, 2015
You can start by contacting the MassHealth estate recovery unit (508-856-7653) and they will forward you to the caseworker assigned the file.
Archived
What is the best way to orchestrate the transfer of real estate from both spouses to one spouse for PACE application purposes?
Peter's answer
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Answered on May 06, 2015
You should review any transfer being done as part of MassHealth application process with your attorney before making the transfer. Not only does he...
Archived
My son wants to sell us his condo?he purchased it for 140,000. How does this work without any tax issues or problems for either
Peter's answer
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Answered on May 05, 2015
I agree with the other responses but would like to emphasize that before you do anything sit down with a CPA or attorney to map this transaction...
Archived
Do you have to pay Sales tax on car in MA even if it has been paid in NA?
Peter's answer
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Answered on May 04, 2015
Massachusetts imposes a use tax on vehicles brought into Massachusetts within six months of their purchase out of state. This use tax is reduced...
Archived
Do all siblings have the right to access the will?
Peter's answer
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Answered on May 03, 2015
In Massachusetts, the person in possession of a Will has 30 days after notice to deliver it to court, whether or not a probate petition will be...
Just found out my 80 year old mother hasn't filed her taxes in 7 years!! Any advice?
Peter's answer
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Answered on April 21, 2015
Obtaining a power of attorney for her and helping her with this is the best route. A couple things to keep in mind with unfiled tax returns: ...
Archived
Review of 6-year old Nominee Realty Trust document previously used for one property to be basis for new NRT to hold new property
Peter's answer
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Answered on April 16, 2015
I would agree with the prior answer in that Trust Law in Massachusetts did materially change in many respects July 8, 2012 with the enactment of...
Archived
My family revocable living trust has its own EIN. How do we file taxes?
Peter's answer
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Answered on March 11, 2015
I would agree with the other answers in that this is not the normal practice. I would not use an EIN for a joint grantor trust even if a third...