When a parent transfers ownership of her home to her children but reserves the right to live there for the rest of her life, she creates a life estate. The parent becomes the “life tenant” of the property, and her children... Continue Reading
In case you haven’t heard (and you probably haven’t) it’s National Estate Planning Week. The hope is to raise awareness about the importance of having the proper estate planning documents to protect you, your family and... Continue Reading
The most popular final directive in many a last will and testament reads: My estate shall be divided equally among my children. But what happens when most, if not all, of an estate’s assets are real property, most commonly... Continue Reading
Account titling refers to who is listed as the owner of an account or property. The simplest example is a bank account. If you and your spouse are listed on the account, then you both own it. But say you want your children to... Continue Reading
WILLS, health care directives, lists of passwords to online accounts. By now, most people know they should prepare these items- even if they haven’t yet-and make them available to trusted family members before the unthinkable,... Continue Reading