How much of a taxable capital gain would Teri have to report if she sold the house tomorrow for fair market value?

1) How much of a taxable capital gain would Teri have to report if she sold the house tomorrow for fair market value?

2) If the house is transferred to the Medicaid trust, what should the trust do to ensure the best capital gains tax treatment of the house?

3) What should the trust do to ensure that Bertha and Don’s soon-to-be-ex spouse do not have access to the trust funds?

4) Should the 401(k) assets be transferred to the trust? Explain.

5) What kind of rights or powers can or should the trust safely give to Teri?

6) The state of New Worcester has an income limit of $1,000/month to be eligible for Medicaid. Is there anything that can be done to protect the excess social security payments from being subject to spend down requirements