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Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself. Answers to your estate planning questions so you can take care of your family and yourself.
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Archives

Tag Archives for: "life interest"
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 How Can Owners of House Sell It Despite Heir’s Life Interest?
0
By Harry Margolis
In Pets
Posted April 26, 2024

How Can Owners of House Sell It Despite Heir’s Life Interest?

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 [...]

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 Which Table Should be Used to Value Life Estate Interest?
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By Harry Margolis
In Real Estate
Posted June 12, 2023

Which Table Should be Used to Value Life Estate Interest?

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 [...]

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 Can Life Estate Beneficiaries Force Sale of Property for Failure to Pay Costs?
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By Harry Margolis
In Probate, Real Estate
Posted October 10, 2022

Can Life Estate Beneficiaries Force Sale of Property for Failure to Pay Costs?

Question: I live in Tennessee where my mother-in-law recently passed away. She had six children. In her will, she left one son her home in a life estate. She did not file a deed. Under the terms [...]

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 Will Medicaid Require Beneficiary Under a Will to Receive Portion of Proceeds in Sale of Family Home?
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By Harry Margolis
In Long-Term Care Planning, Wills
Posted December 29, 2020

Will Medicaid Require Beneficiary Under a Will to Receive Portion of Proceeds in Sale of Family Home?

Question: Is a life estate vested and effective if it’s created in a will which also requires the sale of the property (presumably terminating the life estate) and division of proceeds [...]

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 What are the Tax Implications for Growing Value of Real Estate in Trust?
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By Harry Margolis
In Real Estate
Posted November 12, 2019

What are the Tax Implications for Growing Value of Real Estate in Trust?

Question: My mother passed away two years ago and she left her husband a life estate in their primary residence via her Living Trust. The trust designated my sister as the trustee after my [...]

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Wondering if a trust makes sense for you?

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Wondering if a trust makes sense for you?

This comprehensive guide provides all you need to know (in plain English).

Harry Margolis book: The Baby Boomers Guide to Estate Planning

Get the Book
(An Amazon Prime Reading selection)

Read Sample Chapters