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Opinion

ASK HARRY: What Should My Will Say About Distributions to Minors?

  • Harry Margolis, Esq. has been representing seniors, individuals with special needs and their families since 1987. Harry Margolis, Esq. has been representing seniors, individuals with special needs and their families since 1987.

Question: Property inherited by a minor normally does not go directly to the minor but is managed by an adult. In my state, the age of majority is 18. My beneficiary lives in Nebraska where the age of majority is 19.

Opinion

ASK HARRY: Can We Switch Lawyers?

  • Harry Margolis, Esq. has been representing seniors, individuals with special needs and their families since 1987. Harry Margolis, Esq. has been representing seniors, individuals with special needs and their families since 1987.

Question: My wife and I have a family joint revocable trust, in which my daughter and her husband are the trustees. However, they do not want to do this job. My wife and I paid a lot of money, $36,000 for unlimited help, to our current elder lawyers, to get this trust and all our legal papers drawn up here in Florida. The lawyers who did our trust said that they could be the trustees, but it would cost $30,000 to $35,000 in addition.

Opinion

ASK HARRY: What Should We Do With Family Home to Get Financing and Avoid Medicaid Estate Recovery?

  • Harry Margolis, Esq. has been representing seniors, individuals with special needs and their families since 1987. Harry Margolis, Esq. has been representing seniors, individuals with special needs and their families since 1987. Harry Margolis, Esq. has been representing seniors, individuals with special needs and their families since 1987.

Question: My grandmother passed away in 2001 in Massachusetts and died intestate leaving her house. My uncle and mother are her direct descendants. My uncle lives in the house but is currently ill with cancer, heart, and kidney issues but is recovering from surgery in a rehab facility and needs to go home soon to receive cancer treatments. If he stays in the rehab facility they won’t cover the cancer treatment.

Opinion

ASK HARRY: How Will Irrevocable Trust Be Taxed Upon My Death?

  • Harry Margolis, Esq. has been representing seniors, individuals with special needs and their families since 1987. Harry Margolis, Esq. has been representing seniors, individuals with special needs and their families since 1987.

Question: If I place my home in an irrevocable trust with my children as beneficiaries what is the tax upon my death?

Opinion

ASK HARRY: How do you find out if someone has a will?

  • Harry Margolis, Esq. has been representing seniors, individuals with special needs and their families since 1987. Harry Margolis, Esq. has been representing seniors, individuals with special needs and their families since 1987. Harry Margolis, Esq. has been representing seniors, individuals with special needs and their families since 1987. Harry Margolis, Esq. has been representing seniors, individuals with special needs and their families since 1987.

Question: How do you find out if someone has a will?

ASK HARRY: How Do You Dissolve a Revocable Trust After Death?
Opinion

ASK HARRY: How Do You Dissolve a Revocable Trust After Death?

  • Harry Margolis, Esq. has been representing seniors, individuals with special needs and their families since 1987. Harry Margolis, Esq. has been representing seniors, individuals with special needs and their families since 1987. Harry Margolis, Esq. has been representing seniors, individuals with special needs and their families since 1987.

Question: My father passed away last year. (My mother passed away several years ago.) He had a revocable trust that says that upon his death the trust holdings, his home and some investment accounts, be distributed to me and my two siblings. I’m the successor trustee. What should I do now with respect to the trust?