The phrase "life estate" often comes up in discussions of estate and Medicaid planning, but what exactly does it mean? A life estate is a form of joint ownership that allows one person to remain in a house until his or her death, when it passes to the other owner. Life estates can be used to avoid probate and to give a house to children without giving up the ability to live in it. They also can play an important role in Medicaid planning. In a life estate, two or more people [...]


Preventing a Will Contest Emotions can run high at the death of a family member. If a family member is unhappy with theamount they received (or didn't receive) under a Will, he or she may try to contest the Will. Willcontests can drag out for years, keeping all the heirs from getting what they are entitled to. It maybe impossible to prevent relatives from fighting over your Will entirely, but there are steps youcan take to try to minimize squabbles and ensure your intentions are carried [...]




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