A life estate provides a way to split the ownership of an asset and is useful for estate planning purposes. By creating joint ownership of an asset such as a family home, a typical life estate allows ...

When it comes to protecting the family home from nursing home costs, many parents know about the “life estate deed.” The parents transfer ownership of the house to the children’s names as “remainder ...

Most people's most important asset is their home, and protecting it is always a priority. In your retirement, though, the threat of huge, unexpected medical bills is always present, and expenses like ...

A life estate is a way to transfer real estate to beneficiaries during your lifetime but still retain the right to use and/or live on the property for the remainder of your life. It’s a quick and ...

Back in high school, I don’t think I was very good at speaking or writing. However, as I look back it was not because I was nervous, it was because I did not know what to speak or write about! Over ...

Life estates can provide effective means to create joint ownership of property, avoid probate and transfer property after death without incurring gift taxes. Parents commonly use them to bequeath a ...

Due to changes in Medicaid rules, the once-common practice of utilizing a life estate to protect the value of an individual’s residence from long-term care costs, such as a nursing home or assisted ...

A life estate deed is an easy and inexpensive way to protect your primary residence from being subject to Medicaid Estate Recovery upon your death. Per prior articles, your real estate is not a ...

The information in this column is intended to provide a general understanding of the law, not as legal advice. Readers with legal problems, including those whose questions are addressed here, should ...

Life insurance has long played a crucial role in estate planning and wealth transfer. Its evolution has addressed two primary challenges: creating an estate when liquidity is insufficient to support ...