This is called a viager. The life estate deed within a life estate is a document that grants the owner the ability to pass on ownership of a property without including it in a will as part of ...

For that reason, it’s important to revisit these documents regularly. “Your estate plan changes just like your life does,” Anderson says. Most wills distribute personal property in broad ...

Life is constantly changing ... Only the original will—the "wet signature" document, in estate-planning lingo—can be filed for probate. 13. Visit an Estate Attorney or a Financial Planner ...

If you decide not to set up a trust, you still have options for your home. One option might be a life estate. In this setup, you (as the “life tenant”) retain the right to live in your home ...

12 Documents to Prepare for Your Heirs ... Be sure to review your estate plans throughout your life. "Once you set up your estate plan, it's not like you never need to change it again.

Life estates take precedence over other estate planning documents, such as wills, because assets in a life estate don't go through probate. While the life tenant is alive, they retain the right to ...

A life estate deed designates the current homeowner as the life tenant of the property and the person who will assume ownership upon the life tenant’s death as the remainderman/remainder owner.