Question: My stepmother has a life estate for our family farmland. She is 85.6 this month. My three sisters and I are hold the remainder ownership. A company wishes to purchase the land for [...]

Question: Can the Section 121 $250,000 capital gains tax exclusion apply when home is the remainderman’s principal residence? The property is in a life estate and both the life tenant and the [...]

Question: Mother and daughter are joint tenants with right of survivorship in mother’s condo. If they want to transfer the condo to an irrevocable trust, but reserve a life estate to the [...]

Question: We live in Massachusetts. In looking for ways to protect our home against MassHealth recovery laws, I have found two methods most talked about that will also allow for a step-up in cost [...]

Question: In Florida, a property was owned by Robert, Maria and Nancy (tenants in common, all siblings). Maria passed away in 2016 leaving her share to her heirs (her children since she was a [...]

Question: My husband and I have a home in Florida and the deed is registered so that we have a life interest and our two daughters have a remainder interest. I thought we could just use the [...]

Question: My mother’s house burned down and she and my brother mismanaged the insurance money, so it wasn’t rebuilt. My fiancee and I would like to rebuild it. We’ve talked with [...]

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 [...]

Question: I have some questions about a real life example we are facing. – John and Joan were married in 1999 and entered into a joint Life Estate agreement with regard to a condominium [...]