Is a Life Estate the Way to Live your Later Years?

THE RISK OF TURNING OVER YOUR HOME TO YOUR KIDS  Linda Toga THINKING ABOUT PUTTING YOUR CHILDREN'S NAME on the deed to your house?  Think again. Although giving your children your house and reserving for yourself a life estate may seem like a smart strategy to avoid probate, there are potential downsides, which may be significant. First, a little about life estates: There are different types of interests you can hold in real property. Fee interest (you own the property outright) or l[...]
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