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Does My Mom Need to Report the Sale of Her Home to the IRS?
My mom was forced to sell her home due to health issues, and all of the proceeds were wired to her living trust account. She did not receive a Form 1099-S for the sale. Does she need to report this...
Read moreCan We Use My Dad's IRA to Pay Nursing Home Fees?
I’m using a gift and loan strategy for the sale proceeds from my father's house, as he is now in a nursing home. It'll be several months of penalty for the gift. (The nursing home is a lot more expensive...
Read moreHow Can I Find Out If I’m a Beneficiary in a Trust?
How could a person find out if they have been named a beneficiary in a trust but that information is being kept from them?...
Read moreDo I Need to Report My Ward's Social Security Income?
As an adult conservator, am I responsible for reporting my ward’s Social Security when the money goes directly to the nursing home? Is it counted on the Conservator Inventory and Asset Management Plan?...
Read moreWill Medicaid Have a Claim Against Our House?
My mother and father are on the deed with my wife and me. Does that protect us from Medicaid taking the home in the event my parents ever have a debt to Medicaid?...
Read moreDid My Aunt Actually Have POA Over My Late Mother?
My Sister-in-Law Died. What Do We Do With Her Trust?
My husbands sister passed away. She had a living trust that passed everything to her son, who has also passed away. When she was in the nursing home, she appointed my husband POA. What do we do now?...
Read moreIs It Legal for Me to See Documents From a Revocable Trust?
My father and stepmother created a revocable trust and moved their house and other assets to the trust. My sister and I are beneficiaries. My father passed away, and my stepmother sold the house. Are we legally able to see...
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