What is a life estate deed? 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…
Read more
Pre-planning for Long Term Care
How can one pre-plan for long term care? There is an old Chinese saying that the best time to plant a tree for shade is 20 years ago. The second best time is now. There are two kinds of planning for long term care – pre-planning and crisis planning. Pre-planning is when the client has…
Read more