Irrevocable trust

The trust is part of the gross estate. However, note that trust beneficiaries will normally owe INCOME taxes on income that is distributed to...

Can I update document making me executor without a lawyer?

Once the estate is closed you no longer have legal authority; any actions you take purporting to be a fiduciary would be fraud, whether the...

Confusing Will language

The estate has to file the estate tax return, so it's customary for the will to state that if any estate tax is owed, the tax is paid by the...

Medicaid qualifying and spend down

Yes, the assets are not protected, but she just needs to spend them on care and any other needs she may have in order to qualify once "spent down"...

If a successor trustee is also a beneficiary, is he excluded from voting if "all beneficiaries have to agree to remove trustee"?

All trusts are governed by the express language of the documents, which should be reviewed by an attorney familiar with trust law where the trust...

Mother consigned college loans and has recently pass away. How can we process her estate with these outstanding loans

It depends upon the loan. If it was a federally subsidized loan, then the estate is completely excused from repayment; you just need to inform the...

Can I recoup money sent to my late husband's mother if she passed before relying on state medical aid?

The money she inherited from her son is just that; an inheritance. It's not a gift or a loan, and therefore is not recoupable. However, if she...

In light of your supplemental comments, I echo the wise advice of my colleagues but think it may be better to come at this from a different tack. ...

Selected as the best answer

Creditors of the estate have a right to know about property passing outside of probate because in certain cases they can claim recoupment from the...

Adding real estate property to a living trust

A local attorney can legally and ethically research the Massachusetts requirements, draft the deed, identify the right land records office, and...