Question: My mother’s house is in a life estate with the remainder in my sister’s and my names. She (our mother) is 86. When she passes how do we determine how much in capital gains [...]

Question: You mentioned life estates in one of your answers and how they relate to Medicaid. I’ve also heard about life estates with powers, which do not have all the limitations of life [...]

Question: My mother left her home in a life estate for a family friend who hasn’t paid the taxes for the last three years. As a result, the property is scheduled to go foreclosure at the [...]