A life estate is a type of joint property ownership. It can bypass probate after the death of the life tenant by passing directly to the remainderman or beneficiary.

Unless the life estate document requires the life tenant to pay homeowners insurance, this is the obligation of the remainderman (the person who gets the property at the end of the life estate).

A business owner's estate plan should protect the company and its employees as well as the entrepreneur's heirs. These three ...

As your life situation evolves, so does your need for various estate planning and financial planning documents.

Explore the role, types, and steps of using Life Insurance in Estate Planning. Understand ILITs and tax implications, and ...

The life estate can take different forms. Your father could have retained the life estate and also agreed to pay the real estate taxes on the home along with all the other expenses that go along ...

According to Zottman, the actual life estate document specifies any conditional limits that define when the life estate terminates.

It’s essential to think ahead and consider what legal documents you should include in your own estate plan.It’s essential to think ahead and start considering what important legal documents ...

Estate planning is a complex process that involves drafting a will, potentially taking out life insurance and organising for a benefactor for your superannuation. We walk you through the process.

Assembling legal documents pertaining to your estate is key to ensuring your final wishes are carried out.

An enhanced life estate deed, often referred to as a “Lady Bird” deed, is a legal document utilized in some areas to streamline the transfer of property ownership. This deed simplifies the ...

No matter what your income is, estate planning is an essential way of providing security, protecting your financial legacy, reducing taxes and preventing unnecessary legal expenses.