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Preserving Your Home – One of Your Most Valuable Assets

October 27, 2011

Your home is usually the most valuable asset that you own. Estate planning lawyers are frequently asked how one’s home can be successfully transferred to their children without the expense of probate court or exposure to the dreaded Medicaid lien for long term health care expenses.

One of the most commonly used documents to address the preservation of your home is the deed with a Reserved Life Estate. This estate planning vehicle is used when you want to pass your home or real estate to someone upon your death and also protect the property from nursing home liens. This document may also make it possible for you to live in and maintain control of the property until your death. …

You may read more at the link below.

by: Gary F. Bevilacqua

Westfield Evening News
October 27, 2011

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