The short answer is a life estate deed separates ownership of real property between two different parties. Often, but not always, the parties are the parents or one parent, and a child or more than one child, and sometimes grandchildren. One party gets life time use of the property and the other receives the property...Read more
Tag Archives: Life Estate Deeds
- Tag Archives: "Life Estate Deeds"
- As the personal representative what kind of things do I need to think about before I settle my friend’s estate?
- My father named my mother, then me as his attorney-in-facts in a financial power of attorney. Both my parents are now in care facilities and not competent. Am I automatically in charge or does something more need to be done?
- What is a life estate deed?
- If someone dies in a car accident and he is not at fault, who receives the insurance settlement monies, the people named in the will or the heirs-at- law?
- Things are changing for my parents and I feel I need to address early care and monetary issues with my siblings when they visit from out of state at Christmas. How do I begin?
The Homestead Exemption provides tax relief to South Carolinians who are age sixty-five or older, blind, or disabled. In order to qualify you must: 1. You must be a co-tenant,...
Separation, unlike divorce itself, poses unique estate planning prob- lems because living separate and apart does not in and of itself create a situation where the estranged spouse would be...
We have since inherited some antiques we want to divide between our children upon our deaths. Should we have everything reviewed? Yes, if there has been a substantial change in...
Affidavits Annuities Attorneys Estate Planning Family Meetings Filial Support Laws; Long Term Care Planning Final Bills Lady Bird Deeds Last Letter Life Estate Deeds Long Term Care for Parents Medicaid Asset Preservation Medicaid Planning Personal Injury Settlements Personal Property Memorandum Personal Representative Duties Physician Letter on Incompetency Power of Attorney Probate Probate and Taxes Probate Distributions Revocable Trusts Survival Cause of Action Trust Administration Trustees Wills Wrongful Death Actions