Livingtrustlawfirm.com All real estate

Real Estate in a Revocable Living Trust …

Details: Once that half of the house is placed into the credit shelter trust, all growth on that half of the house is also protected from future estate taxes. So if a house is worth $200,000 when the first spouse passes on, then $100,000 of it goes into the credit shelter trust.

› Verified 1 days ago

› Url: https://livingtrustlawfirm.com/real-estate-in-a-revocable-living-trust/ Go Now

› Get more:  Real EstateGo Now

Howard Hughes Estate Settled… After 34 Years

Details: Well, in 2010, more than 34 years after Howard Hughes died, it appears that having the sole assets being real estate involved in bankruptcy was enough for the lawyers and taxing agencies to let go of the estate. [email protected] 2017-05-20T16:43:41-05:00 October 21st, 2010 | Company News, Legal Info |

› Verified 5 days ago

› Url: https://livingtrustlawfirm.com/howard-hughes-estate-settled-after-34-years/ Go Now

› Get more:  Real estateGo Now

Facts and Myths About Medicaid Qualification: Assets

Details: But other land and homes are considered countable assets regardless of their worth or equity. So, yes, this could lead to the illogical result that a person with two house worth $100,000 each would be declined Medicaid since there is a second home but the person with one house worth $1,000,000 would qualify.

› Verified 3 days ago

› Url: https://livingtrustlawfirm.com/facts-and-myths-about-medicaid-qualification-assets/ Go Now

› Get more:  Real EstateGo Now

The New Retirement Strategy

Details: The example involves that same 50-year-old buying his 75-year-old mother’s $250,000 house with a 30-year mortgage at 4% interest. Mom lives in the house rent free (because her son is so nice to her), and now she puts the $250,000 in the house sale she received into a specific type of strategy that would pay out to her son as life insurance.

› Verified 1 days ago

› Url: https://livingtrustlawfirm.com/retirement-strategy/ Go Now

› Get more:  Real EstateGo Now