Feb 20, 2025 · The phrase “life estate” is sometimes mentioned when discussing estate and Medicaid planning, but what does it mean? A life estate is a form of joint ownership that allows …

Oct 25, 2023 · In a life estate, two or more people each have an ownership interest in a property, but for different periods. The person holding the life estate – the life tenant – possesses the …

Aug 13, 2025 · Interest Rates/Discount Rates: To calculate the present value of the life estate, an interest rate (or discount rate) is applied to the estimated future benefits the life tenant would …

Mar 18, 2025 · For many people, setting up a life estate is the simplest, most appropriate alternative for protecting their home from estate recovery. What Is a Life Estate? A life estate …

Oct 22, 2019 · Non-probate property includes jointly owned property, trusts, accounts with named beneficiaries and, as in your case, life estates. In states that don’t have expanded estate …

Jan 9, 2024 · The capital gain from selling your life estate property will be the difference between the sale proceeds and the value of the property in 2011 when your mother passed away. If, for …

May 30, 2025 · As the individual being granted the life estate, you are considered the life tenant. The person you name to receive the property after your death is referred to as the …

Dec 13, 2012 · Expanded Estate Recovery Note that some states also opt to seek recovery against property in which the Medicaid recipient had an interest but that passes outside of …

A life estate often comes up in discussions of estate and Medicaid planning. It is a form of joint ownership that allows one person to remain in a house until their death when it passes to the …

Aug 27, 2013 · Based on what you say, your father's purchase of a life estate in your new home should not be treated as a disqualifying transfer. He lived in the house for more than a year, …