The other answers here are good suggestions and you may also want to consider a simple revocable trust which avoid Medicaid estate recovery issues...

Yes, certain assets like LLC interests can be transferred to your trust by a simple written assignment signed by you however transfers of real...

Will I have to pay creditors if I am unable to. Only asset is home in an irrevocable trust

A threshold question you will need to answer is when did you transfer the home to the trust- if you have a creditor and transfer assets after the...

Gift tax - recipient

The tax liability for a gift is on the donor (the one making the gift). If in fact it is a gift then you will need to be sure that the donor is...

As has already been mentioned, if your parent (the sibling of your uncle) has passed away, you and your siblings would be considered next of kin...

Irrevocable Trusts

This is not based on whether the trust is "irrevocable" but on what powers were retained by the grantor in the trust originally and if the assets...

No such requirement. A domain name for the most part can be a marketing tool. On the other hand, trade names or DBAs needs to be registered like...

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I need advice what to do I received an inheritance: Dad i'm on full food stamps, free health ins: marketplace i'm unemployed ?

You should definitely consult with an attorney about this. While a recent U.S. Supreme Court case distinguished inherited IRAs for purposes of...

I have dealt with similar situations a number of times before where a client has success trading online and then wants to invest for others. In...

I just reviewed my mom's irrevocable income only trust and there is no specific clause regarding a step up basis being retained

also depends if it was a completed gift or not for estate tax purposes. Many times Medicaid asset protection trusts are not drafted as completed...