My Mother recently had to move into an assisted living facility. An eldercare atty wants her house gifted to me and put trust.

This is a bad structure for this transaction. If you Mother sells the home, she will have 0 gapital gain and 0 income tax to pay to U.S. and...

The capital gains exclusion requires the taxpayer to have owned and lived in the home at least 2 of the 5 years prior to sale. So, when you Mom...

I add to the foregoing answer the following: Just because your kids might not know about the transfer does not mean that you would not be at...

Land Trust

I agree with the prior answer that a Trust might be a useful option. However, there needs to be some source of funds to continue to pay the...

How do you eliminate a family trust involving 5 properties without having the original documentation to support it's existance?

It is unclear from your question what "originals" are missing. If it is the original deeds, that should not be a problem. Real estate ownership...

When setting up trust for mothers money should we include all her childrens name or just one on the account?

Be aware, though, that regardless of what the Trust states about trustees being able to act independently, the financial institution will likely...

My 43 year old brother died 11/09 He had a 401k account worth 10,000 dollars he had listed our mother as beneficiary She died in

It sounds like John Hancock does not have a priority of payments clause for use when there is no living named beneficiary. In that case, you will...

Generally, a bank statement listing multiple accounts will have as its account name on the statement will reflect that of the checking account. ...

Pursuing the POA route is good advice. So you do not acquire personal liability, weather as guardian or as Attorney-in-Fact (uner a POA), it is...

Standard and Basic Will

A Will covers all property in the name of the decedent only (without a named beneficiary via POD, TOD or other proper form of designation (e.g.,...