Finish Big-Money Gifts in 2012

Dear Mr. Premack: Years ago my husband inherited ranch land from his parents, when it had very little monetary value. My husband died this year and left the land to me. I have no desire to keep the land. My two daughters also have no interest in the land. I listed it for sale and…

Bigamist “Wife” Tries to Grab Control

Dear Mr. Premack: My father got married several years after my mother died. His new wife was still married to another man in Thailand when she married dad. I suspect she (who now claims to be divorced from husband #1) wants to grab dad’s money and assets. My parents had a rather large estate that…

Most Trusts Not Medicaid Help

Dear Mr. Premack: My mother is in a nursing home. She owns her own home, has about $120,000 in the bank and has income around $900 each month. Someone suggested that if we put her home and money into a living trust, she will qualify for Medicaid. If so, her money would be protected and…