I will be the trustee for a Special Needs beneficiary. I've read about the True Link Visa debit card as a way to provide a small stipend for her, tailored (they say) so she will not violate SSI rules for cash gifts for small purchases. Is this workable? Any references that this does work as...
Background: I have a revocable living trust, and my wife just died. Our trust document is very comprehensive in describing what needs to be done now to create four sub-trusts for beneficiaries, and funding them, including one which is Special Needs. What it does not tell me (trustmaker trustee)...
Yes, an estate planning attorney wrote the Revocable Living Trust for us in 2004. It is quite comprehensive, and we looked forward to when she would possibly be formally disabled. My wife is now in the last stages of a 20-year battle with cancer, and it is now becoming clearer that we get all...
We have created a Special Needs Trust in our Living Trust. My step-daughter, who will be the beneficiary, is mentally ill and very un-cooperative with our efforts. We _think_ she is getting SSI, ergo she is judged "disabled", but she will not divulge any real information. She refuses to...
We live in Washington, are selling a house in Oregon. At no time during our ownership did we live in or pay Oregon taxes. Will we have to pay capital gains tax on the profit from this sale to Oregon Dept of Revenue?
My neighbor, a widow, is trustee, along with her three children, of a testamentary trust formed by the will of her now-deceased husband. Her children do not get along, and she has problems with one of them, so their being co-trustees will probably never work.
She has recently given me sole...
We live in Washington, children live in Oregon (with income taxes). I would like to fund a grandchild's education by making a contribution to his 529 account with my life insurance proceeds. Can I leave the money to my child (inheritance-tax free), and he puts the money into the grandchild's...
Our adult daughter is now institutionalized and the County is applying for Disability for her. After Disability payments start, we will be paying the difference up to what her care costs. May we take her as our dependent for tax purposes next year, even if our contribution might not be more...
I agree, she won't qualify for SSDI. I want straight SS for her when she turns 62. To get there, she needs enough quarters of contribution. Can I make those contributions by hiring her?
I don't own a business, can I do it as a private citizen? I don't want to try to max out her future SS payments, just a minimum. We do have a special needs trust, but we will only be able to fund it (on our deaths) with maybe $400,000. Certainly not enough to support her for decades. She...
My daughter is stuck in that grey area between being able to work and being "disabled". She can't, and hasn't ever, worked, but is unable to qualify for disability. She has no SS quarters worked, so she will never get SS. We are her sole support, which can't go on forever. Can I hire her...
Our 44 yr old daughter is disabled and unemployed. We provide all her support, although she lives alone. We will claim her on our 1040 form this year. Can her creditors reach us because we do this?
I posted twice in two forums, because they are two different questions, based on the same set of circumstances. One has to do with liability for medical bills, the other with tax considerations if I pay those liabilities. I understand the need not to post the same question in multiple forums...
This website seems like a good idea, that regular folks could get good advice for their legal questions. However, it won't work if the questions never get answered. Two weeks ago, I posted two questions in the Business forums, over 100 people have looked at them, but no replies. Lots of...