Deed with Life Estate
July 1, 2013
A person’s home is oftentimes the most valuable asset that they may own. As an estate planning and elder law attorney, I am frequently asked how a home can ultimately be transferred to a client’s child or children without the necessity of probate or exposed to long term care expenses. One particularly useful and common document for this is the Deed with Life Estate. However, there are many issues that must be discussed and resolved prior to the transfer to ensure that the transfer is in the best interest for all those involved.
A deed with a reserved life estate is used…
You may read more at the link below.
by: Todd C. Ratner
The Springfield Star, A Publication of the City of Springfield Department of Elder Affairs