Podcasts about life estate

Navigating the administration of a life estate trust with real property can be a complex task. In this episode of Absolute Trust Talk, Kirsten Howe is joined by Karen Fisher and Kathy Rodriguez of Bishop Fiduciary Services to delve into the intricacies of life estates involving real estate. They cover the unexpected responsibilities of a trustee, strategies for properly dividing assets, and essential tips to set up your trust for success if you own property. Whether you're crafting your estate plan, managing one for someone else, or potentially inheriting one, this episode is packed with valuable insights you won't want to miss.   Time-stamped Show Notes:   0:00 Introduction 2:36 Being a trustee comes with a wide range of responsibilities. One important aspect is to examine the terms of the trust to determine what the life estate beneficiary and trustee are responsible for. It's also very important to consider liquidity. 7:58 What if a beneficiary wants a portion of the trust to go toward their inheritance? Short answer: Trust the trust. 10:30 Many questions and concerns about the property can be eliminated by one action: Getting an appraisal. 11:30 Interested in the appraisal process? Tune in now as Karen and Kathy break it down for us. 16:45 We asked our guests what they wished their client's trust included. Here's what our experts had to say about trust inclusions.   17:52 Karen's time- and money-saving advice: Don't wait to downsize. 19:00 Thank you to our amazing guests, Kathy and Karen, for sharing such great insights with us!

Todd Lutsky shares his insight on some of the best practices and worst practices when developing a life estate. Todd also explains how to know your trust is actually being funded and what the impact is if it is not being funded.

Navigating the treacherous waters of property transfer and long-term care planning can be daunting, but fear not—Jordan Bentley and I, Brenton Begley, are here to steer you clear of the pitfalls. Prepare to uncover the truth behind the common belief that simply gifting your family home to your children is the best legacy move. Throughout our discussion, we reveal how such a straightforward gesture can actually strip you of control and expose your cherished home to your child's unforeseen life events, such as divorce or financial strife. Moreover, we delve into the lesser-known consequences that could affect your eligibility for Medicaid and VA benefits, and offer potent alternatives like life estate deeds and ladybird deeds that keep you firmly in the driver's seat of your estate.This episode also shatters the illusions of invulnerability that many have when it comes to probate and creditor claims. With insights from real-world scenarios, we illuminate the irrevocable nature of certain property transfers and how they can become ensnared in the complexities of marriage and end-of-life debt. I highlight the Lady Bird deed—a savvy tool unique to North Carolina residents—that promises control over your property until your final days, without the dread of probate lurking in the shadows. For those who want to keep their assets within reach and out of the court's hands, we talk about the strategic use of trusts, keeping your legacy intact for generations to come. Join us as we equip you with the knowledge to fortify your future, and remember, if you need guidance on these critical matters, we're just a call or click away.

Is it time for you or your loved one to move in with family members and sell your home? It's not an easy decision to sell your home and create a new space in a relative's home, but many times it is the best decision an aging person can do. If that is your plan, don't overlook proper planning of the sale proceeds from the home with an eye towards Medicaid Planning. If long term care needs beyond family care is a possibilty, consider speaking with an elder law attorney about implementing a plan that involves purchase of a life estate in the relative care giver's home. -- I love comments. I make these videos specifically to help people with no expectations. Please take a second and say ‘Hi' in the comments and let me and know what you thought of the video… and p.s. It would mean the world to me if you hit the subscribe button.

This week, Todd Lutsky shares his insight into life estates and what the major benefits are for utilizing a life estate. Todd asnwers questions from the audience about their personal retirement plans.

Todd Lutsky details what a life estate provides and shares what he believes are the pros and cons of creating a life estate. Todd takes calls from listeners to help them with their estate planning needs and questions.

Let's start with a question: Why is Real Property law a critical component of the Bar Exam? The simple answer is that Real Property touches on many aspects of our lives - from the ownership of our homes to the zoning laws that dictate what can be built in our neighborhoods. It's a foundational area of law that every attorney should be familiar with, whether you specialize in real estate transactions or not. Now, to lay the groundwork, let's clarify two terms you've probably heard a lot: Real Property and Personal Property. At its core, the distinction is quite straightforward. Real Property refers to land and anything attached to it. This can include buildings, trees, minerals, and even the rights associated with the land, like air rights. On the flip side, Personal Property is essentially everything else. It's the movable objects that you own. Your car, your laptop, your clothes - these are all examples of Personal Property. The key difference lies in mobility and permanence. Real Property stays put; Personal Property can move with you. Understanding the types of Real Property interests is crucial for navigating Real Property law. These interests determine what rights you have over a property. There are several types, but today we'll focus on three main ones: Fee Simple Absolute, Life Estate, and Leasehold Interest. Fee Simple Absolute gives you the most complete ownership of property possible. You own the land and can do with it as you please, subject to laws and regulations, of course. It's the most common form of property ownership and, unless specified otherwise, what people usually mean when they talk about owning property. Next, we have the Life Estate. This is a bit more specialized. A Life Estate gives someone the right to use and benefit from a property for the duration of their life. However, they can't sell the property, and upon their death, it passes to another designated person, known as the remainderman. Lastly, there's the Leasehold Interest, which you're likely familiar with if you've ever rented an apartment. This gives you the right to use and occupy the property, but only for a predetermined period. Unlike Fee Simple Absolute, you don't own the property; you just have a temporary right to use it. Along with understanding these interests, it's important to get comfortable with key legal terminologies in Real Property law. Terms like "easement," which is the right to use someone else's land for a specific purpose, or "encumbrance," which refers to a claim or liability attached to the property, like a mortgage or lien. These terms are the building blocks for more complex Real Property concepts we'll cover in later episodes. So, why does all this matter for the Bar Exam? Well, these concepts form the basis of many Real Property questions you'll encounter. Whether it's a question about the rights of a property owner or the specifics of a lease agreement, having a solid grasp of these fundamentals will give you a strong foundation to build upon. --- Send in a voice message: https://podcasters.spotify.com/pod/show/law-school/message Support this podcast: https://podcasters.spotify.com/pod/show/law-school/support

The extent of female property ownership impacts women and their families, society, and the economy. Governments provide gender-based tax incentives to increase female property ownership. Suman Joshi and Sarthak Pradhan discuss the effectiveness of these measures as outlined in a recent World Bank working paper. Here are the papers referred to in the episode: World Bank Working Paper Which women own land in India? Between divergent data sets, measures and laws  Impact of Intergovernmental Fiscal Transfers on Gender Equality in India: An Empirical Analysis  Check out Takshashila's courses: https://school.takshashila.org.in/ Do follow IVM Podcasts on social media. We are @ivmpodcasts on Facebook, Twitter, & Instagram. https://twitter.com/IVMPodcasts https://www.instagram.com/ivmpodcasts/?hl=en https://www.facebook.com/ivmpodcasts/ You can check out our website at https://shows.ivmpodcasts.com/featured Follow the show across platforms: Spotify, Google Podcasts, Apple Podcasts, JioSaavn, Gaana, Amazon Music Do share the word with your folks!See omnystudio.com/listener for privacy information.

Todd Lutsky, Cushing & Dolan, explains two ways to set up a life estate, the wrong way and the right way. Todd also discusses how small an estate can be before setting a life estate, how old you should be, and understanding which plan works for you.

   Slam the Gavel welcomes Diane Berkebile to the podcast. Her Mother,Jane Stickle was made a Victim of Lawrence County's, "I Care A Lot" scheme." Diane soon realized this is a real life monopoly after seeking help from an attorney after receiving an inheritance from her uncle in 2010.    However, a year later her father died, TARGETING her mother by this attorney and his partner's son, Assistant District Attorney who joined forces with her sister who had medical issues.     Diane received a call from her sister that she was taking their Mother out for lunch. That would be the last time Diane saw her Mother. Several weeks later she was allowed to see her mother in an assisted living home. Her Mother was wearing an ankle bracelet and did not have her cell phone.    Prior to this happening, Diane was to move into her Mother's home in 2017 per documents her sister and the attorney signed in full agreement to live with her mother. However, 8 weeks prior to the targeted move in date her Mother was stripped from her home and from her life as she knew it....     After telling everyone in town for months that her Mother had Alzheimer's, on 8/4/2017 her sister then took her to an attorney to sign papers to remove Diane as POA. 96 hours after signing the paperwork, her sister dropped her off at Glen Moore Place Assisted Living, like a dog on 8/8/2017 and had her fitted with an ankle alarm.     What happened next was her sister permitted the facility to chemically restrain her every time she went near the door, cashed in interest bearing annuities prior to Mother's passing, having her loser home to go to tax sale (after refusing to pay Property Taxes the POA was responsible for) and is now suing Diane for $800,000.00 for ruining her name and career while still employed to Diane's knowledge.    Diane's goal is to save her home from foreclosure scheduled March 8, 2023 resulting from the, "I Care A lot" scheme. Diane would like to obtain help to pursue reimbursement from Lawrence County for selling her Mother's home illegally and deter others from ever taking part in being named in a Life Estate, to never tie up their home in that kind of Red Tape as it is a doorway for corrupt attorneys. Diane would like to get others to come forward who are withholding information as well as covering up and taking part in harassment.    Diane so wants to obtain justice for Jane Stickle so that her Mother's death will not have been in vain.To Reach Diane Berkebile: FacebookSupportshow(https://www.buymeacoffee.com/maryannpetri)https://www.buzzsprout.com/1364944/subscribehttp://www.dismantlingfamilycourtcorruption.com/     Support the showSupportshow(https://www.buymeacoffee.com/maryannpetri)http://www.dismantlingfamilycourtcorruption.com/

Slam the Gavel welcomes Diane Berkebile to the podcast. Her Mother,Jane Stickle was made a Victim of Lawrence County's, "I Care A Lot" scheme." Diane soon realized this is a real life monopoly after seeking help from an attorney after receiving an inheritance from her uncle in 2010. However, a year later her father died, TARGETING her mother by this attorney and his partner's son, Assistant District Attorney who joined forces with her sister who had medical issues. Diane received a call from her sister that she was taking their Mother out for lunch. That would be the last time Diane saw her Mother. Several weeks later she was allowed to see her mother in an assisted living home. Her Mother was wearing an ankle bracelet and did not have her cell phone. Prior to this happening, Diane was to move into her Mother's home in 2017 per documents her sister and the attorney signed in full agreement to live with her mother. However, 8 weeks prior to the targeted move in date her Mother was stripped from her home and from her life as she knew it.... After telling everyone in town for months that her Mother had Alzheimer's, on 8/4/2017 her sister then took her to an attorney to sign papers to remove Diane as POA. 96 hours after signing the paperwork, her sister dropped her off at Glen Moore Place Assisted Living, like a dog on 8/8/2017 and had her fitted with an ankle alarm. What happened next was her sister permitted the facility to chemically restrain her every time she went near the door, cashed in interest bearing annuities prior to Mother's passing, having her loser home to go to tax sale (after refusing to pay Property Taxes the POA was responsible for) and is now suing Diane for $800,000.00 for ruining her name and career while still employed to Diane's knowledge. Diane's goal is to save her home from foreclosure scheduled March 8, 2023 resulting from the, "I Care A lot" scheme. Diane would like to obtain help to pursue reimbursement from Lawrence County for selling her Mother's home illegally and deter others from ever taking part in being named in a Life Estate, to never tie up their home in that kind of Red Tape as it is a doorway for corrupt attorneys. Diane would like to get others to come forward who are withholding information as well as covering up and taking part in harassment. Diane so wants to obtain justice for Jane Stickle so that her Mother's death will not have been in vain. To Reach Diane Berkebile: Facebook Supportshow(https://www.buymeacoffee.com/maryannpetri) http://www.dismantlingfamilycourtcorruption.com/ --- Support this podcast: https://podcasters.spotify.com/pod/show/maryann-petri/support

Todd Lutsky details what a life estate is, how life estates work, why you might need a life estate, and what some of the potential problems could be.

Here is Frank Bruno's daily dose of elder law. Elder Law attorneys help their clients facing incapacity, paying for long-term care, or settling an estate. Find us on the web! For more information visits my website at https://www.frankbrunolaw.com Schedule a free telephone consultation on our Website at https://frankbrunolaw.apptoto.com// Say Hi on Social: Visit my Instagram page at https://www.instagram.com/frankbrunoesq/?hl=en Visit my Facebook page at https://www.facebook.com/LawOfficeofFrankBrunoJr/ Visit my Linkedin page at https://www.linkedin.com/in/frank-bruno-2aa14799/ Visit my Twitter page at https://twitter.com/_frankbrunolaw Website: https://www.frankbrunolaw.com What we do at our offices: Wills, Trusts, Estates, Powers of Attorney, Nursing Home Medicaid, Long Term Care Planning, Guardianship, Real Property transfers & Probate Frank Bruno, Jr. is an Elder Law and Special Needs lawyer with years of experience handling these types of cases. He is extremely active in the Queens, New York Community, the Queens County Bar Association, and New York State Bar Association and is frequently invited to speak at events about Elder Law. If you'd like to learn more about Elder Law, Medicaid planning, Guardianship, Special Needs Trusts, or Probate law contact the Law Office of Frank Bruno, Jr. today at 718-418-5000. Thank you for listening! Eldercare law is really an umbrella term encompassing multiple areas of law. Some elder care attorneys handle subjects that most people know something about, such as probate, guardianship, estate planning. Other eldercare lawyers focus their practice on other areas of law such as special needs planning, VA benefits planning, and Medicaid planning. So, what is Medicaid planning? Medicaid planning is a way to protect people's assets from the threat of long-term care expenses. Many clients are between 65 and 95, own their own homes, and have between $25,000 and $750,000 worth of assets in addition to the house. What many people don't realize is exactly how expensive long term care expenses can be – In 2020 the average costs of a skilled nursing facility, in New York is $14,250.00 per month. Someone can be solidly middle class or upper-middle class, have saved their whole life, and think that they'll have plenty of money for whatever happens only to suffer a stroke, major heart attack or get an Alzheimer's or Parkinson's diagnosis and need help with their activities of daily living. If they have this six-figure per year care expense, many people spend everything. Medicare does not pay skilled nursing home expenses after 100 days. An elder care attorney, who handles Medicaid planning, is able to legally and ethically protect people's assets to get them qualified for Medicaid. Medicaid, unlike Medicare, has excellent long-term care benefits. This helps them supplement their lifestyle with their own assets (to improve the quality of their life while alive) and make it more likely that they will have something to pass onto their heirs after they pass away. There are many myths and much misinformation surrounding long-term care Medicaid in New York. To learn more please visit... https://www.frankbrunolaw.com

Welcome back to the Law School Toolbox podcast! Today, we have Marina Modlin, founder of Modlin Legal, with us to share some real-life estate planning advice. In this episode we discuss: Marina's background and current practice What does "estate planning" entail? The "default" system of estate planning versus the "opt-in" system Life events that should really trigger you to deal with your estate plan How to start the conversation around estate planning with parents/grandparents Pros and cons of the estate practice area When you can try to do estate planning on your own, and when to seek help Resources: Modlin Legal (https://modlinlegal.com/) CEB Trusts & Estates Solutions (https://www.ceb.com/solutions/trusts-and-estates/) Trusts 101 (https://lawschooltoolbox.com/trusts-101/) Download the Transcript  (https://lawschooltoolbox.com/episode-363-real-life-estate-planning-w-marina-modlin/) If you enjoy the podcast, we'd love a nice review and/or rating on Apple Podcasts (https://itunes.apple.com/us/podcast/law-school-toolbox-podcast/id1027603976) or your favorite listening app. And feel free to reach out to us directly. You can always reach us via the contact form on the Law School Toolbox website (http://lawschooltoolbox.com/contact). If you're concerned about the bar exam, check out our sister site, the Bar Exam Toolbox (http://barexamtoolbox.com/). You can also sign up for our weekly podcast newsletter (https://lawschooltoolbox.com/get-law-school-podcast-updates/) to make sure you never miss an episode! Thanks for listening! Alison & Lee

Taking care of your parents is a responsibility few adults are prepared.  However, it does not have to be devastating.  In this podcast, I talk about the various things to consider when you find yourself in the position of having to take care of your parents.

Ask the right questions and you'll definitely be opening doors!You think it's only detectives in CSI and NCIS who need to be asking questions?You can bet you also need to get your “inner detective” all over the Real Estate Investing scene!Because where there's deep trouble brewing, there's usually a deal to be made!And when you dig in that spot, you'll most likely be working with 1 of 2 people:A. People who spew words like diarrheaB. People who won't say a thingFor the former, it's all about gathering all that data and separating the crap from the information you really need. It's a matter of discernment!For the latter, it gets trickier because you'll need to extract the information first before you can begin sifting through the crap. With the right line of questioning, you might just hit gold, even on the first strike!Take people who want/need to be selling their homes for example…Some people will lie about why they're selling. Others will focus on the deal and won't tell you the problem.Your job? Find that problem! Because finding that problem AND solving it guarantees you always arrive at the best terms for the deal – where it's Win/Win for you and your client!What kind of problems are we talking about?Think having to put an old lady out of her home and out on the street. Now, you might be thinking how that's YOUR problem…Check out this episode where we show some of our best case studies, where solving clients' problems meant scoring OUTRAGEOUSLY IMPOSSIBLE deals!Putting PEOPLE FIRST and money second works wonders! Getting creative, solving people's problems, putting a roof over their heads and making sure they don't have to worry about survival can be so fulfilling!Ultimately, you aren't just coming out with a good conscience and a happy heart, you're bringing in tons and tons of bacon by making impossible deals…POSSIBLE!How is reverse mortgage even an option in REI? How does a Life Estate-like deal spell Win/Win for you and your client?Tune in to learn more about the hottest and most relevant information on real estate investing!Thank you all for listening and I will see you on the next episode!When you're ready, head on over to https://billyalvaro.com or go grab your REI tools at https://billyssecrets.com

How does a Life Estate work? Find out on this episode of the Global Real Estate School Podcast! On the latest episode of the Global Real Estate School Podcast, we continue to discuss the types of Freehold Estates, specifically Life Estates! Subscribe to our podcast on Apple Podcasts, Spotify, Google Podcasts, or just listen in on GlobalRealEstateSchool.com! Are you currently enrolled in a pre-license real estate school in the U.S.?  If so, and you need help, subscribe to my podcast for timely tips to help you pass the real estate exam on the first attempt!   
You can also download valuable study aids from my website, http://www.GlobalRealEstateSchool.com 
Like us on Facebook, https://www.facebook.com/GlobalRealEstateSchool/ 
Subscribe to our YouTube Channel https://www.youtube.com/c/globalrealestateschool 
Follow us on Instagram @GlobalRealEstateSchool or John @realestatetechguy 
As always, "thank you" for listening to the podcast!

How does a Life Estate work? Find out on this episode of the Global Real Estate School Podcast! On the latest episode of the Global Real Estate School Podcast, we continue to discuss the types of Freehold Estates, specifically Life Estates! Subscribe to our podcast on Apple Podcasts, Spotify, Google Podcasts, or just listen in on GlobalRealEstateSchool.com! Are you currently enrolled in a pre-license real estate school in the U.S.?  If so, and you need help, subscribe to my podcast for timely tips to help you pass the real estate exam on the first attempt!   
You can also download valuable study aids from my website, http://www.GlobalRealEstateSchool.com 
Like us on Facebook, https://www.facebook.com/GlobalRealEstateSchool/ 
Subscribe to our YouTube Channel https://www.youtube.com/c/globalrealestateschool 
Follow us on Instagram @GlobalRealEstateSchool or John @realestatetechguy 
As always, "thank you" for listening to the podcast!

Attorney Brandon Erickson joins us from "Trust Talk" - in this episode we talk list estates, irrevocable trusts, Medicaid asset protection and more! To contact Brandon, call 701.235.8000 or visit https://www.okeeffeattorneys.com/ See omnystudio.com/listener for privacy information.

In English common law, fee tail or entail is a form of trust established by deed or settlement which restricts the sale or inheritance of an estate in real property and prevents the property from being sold, devised by will, or otherwise alienated by the tenant-in-possession, and instead causes it to pass automatically by operation of law to an heir determined by the settlement deed. The term fee tail is from Medieval Latin feodum talliatum, which means "cut short fee" and is in contrast to "fee simple" where no such restriction exists and where the possessor has an absolute title (although subject to the allodial title of the monarch) in the property which he can bequeath or otherwise dispose of as he wishes. Equivalent legal concepts exist or formerly existed in many other European countries and elsewhere. Purpose. The fee tail allowed a patriarch to perpetuate his blood-line, family-name, honor and armorials in the persons of a series of powerful and wealthy male descendants. By keeping his estate intact in the hands of one heir alone, in an ideally indefinite and pre-ordained chain of succession, his own wealth, power and family honor would not be dissipated amongst several male lines, as became the case for example in Napoleonic France by operation of the Napoleonic Code which gave each child the legal right to inherit an equal share of the patrimony, where a formerly great landowning family could be reduced in a few generations to a series of small-holders or peasant farmers. It therefore approaches the true corporation which is a legal body or person which does not die and continues in existence and can hold wealth indefinitely. Indeed, as a form of trust, whilst the individual trustees may die, replacements are appointed and the trust itself continues, ideally indefinitely. In England almost seamless successions were made from patriarch to patriarch, the smoothness of which were often enhanced by baptizing the eldest son and heir with his father's Christian name for several generations, for example the FitzWarin family, all named Fulk. Such indefinite inalienable land-holdings were soon seen as restrictive on the optimum productive ability of land, which was often converted to deer-parks or pleasure grounds by the wealthy tenant-in-possession, which was damaging to the nation as a whole, and thus laws against perpetuities were enacted, which restricted entails to a maximum number of lives. In common law and statutory law, a life estate (or life tenancy) is the ownership of immovable property for the duration of a person's life. In legal terms, it is an estate in real property that ends at death when ownership of the property may revert to the original owner, or it may pass to another person. The owner of a life estate is called a "life tenant". In the combined jurisdiction of England and Wales since 1925 a freehold estate intended to be 'held' as a life interest takes effect only as an interest enjoyed in equity, specifically as an interest in possession trust. The other type of land ownership is leasehold and although most long leases are for a period of between 99 and 999 years 'leases for life' will be interpreted in often unpredictable ways as either as a license or a lease. Principles. The ownership of a life estate is of limited duration because it ends at the death of a person. Its owner is the life tenant (typically also the 'measuring life') and it carries with it the right to enjoy certain benefits of ownership of the property, chiefly income derived from rent or other uses of the property and the right of occupation, during his or her possession. Because a life estate ceases to exist at the death of the measuring person's life, the life tenant, a temporary owner, may short-term let but cannot sell, give or bequeath the property indefinitely (including assuming it could pass to heirs (intestate)) or creating a purported document leaving it to devisees (testate) --- Send in a voice message: https://anchor.fm/law-school/message Support this podcast: https://anchor.fm/law-school/support

You're over 50 and you don't have a will?  In order to protect your assets and make life easier for your loved ones I'd highly recommend getting on top of your estate planning.It's not fun.  It's easy to put off to another time. But reality is reality and you're going to pass away. Take the time now to put things in writing so it's easier for your family to deal with your assets once you're gone.Also look into a medical power of attorney, a living will and a regular power of attorney.  In this episode we briefly talk about each and what they're about. Don't leave your assets in the hands of the courts.  Plan ahead.

Here is Frank Bruno's daily dose of elder law. Elder Law attorneys help their clients facing incapacity, paying for long-term care, or settling an estate. Find us on the web! For more information visits my website at https://www.frankbrunolaw.com Schedule a free telephone consultation on our Website at https://frankbrunolaw.apptoto.com// Say Hi on Social: Visit my Instagram page at https://www.instagram.com/frankbrunoesq/?hl=en Visit my Facebook page at https://www.facebook.com/LawOfficeofFrankBrunoJr/ Visit my Linkedin page at https://www.linkedin.com/in/frank-bruno-2aa14799/ Visit my Twitter page at https://twitter.com/_frankbrunolaw Website: https://www.frankbrunolaw.com What we do at our offices: Wills, Trusts, Estates, Powers of Attorney, Nursing Home Medicaid, Long Term Care Planning, Guardianship, Real Property transfers & Probate Frank Bruno, Jr. is an Elder Law and Special Needs lawyer with years of experience handling these types of cases. He is extremely active in the Queens, New York Community, the Queens County Bar Association, and New York State Bar Association and is frequently invited to speak at events about Elder Law. If you'd like to learn more about Elder Law, Medicaid planning, Guardianship, Special Needs Trusts, or Probate law contact the Law Office of Frank Bruno, Jr. today at 718-418-5000. Thank you for listening! Eldercare law is really an umbrella term encompassing multiple areas of law. Some elder care attorneys handle subjects that most people know something about, such as probate, guardianship, estate planning. Other eldercare lawyers focus their practice on other areas of law such as special needs planning, VA benefits planning, and Medicaid planning. So, what is Medicaid planning? Medicaid planning is a way to protect people's assets from the threat of long-term care expenses. Many clients are between 65 and 95, own their own homes, and have between $25,000 and $750,000 worth of assets in addition to the house. What many people don't realize is exactly how expensive long term care expenses can be – In 2020 the average costs of a skilled nursing facility, in New York is $14,250.00 per month. Someone can be solidly middle class or upper-middle class, have saved their whole life, and think that they'll have plenty of money for whatever happens only to suffer a stroke, major heart attack or get an Alzheimer's or Parkinson's diagnosis and need help with their activities of daily living. If they have this six-figure per year care expense, many people spend everything. Medicare does not pay skilled nursing home expenses after 100 days. An elder care attorney, who handles Medicaid planning, is able to legally and ethically protect people's assets to get them qualified for Medicaid. Medicaid, unlike Medicare, has excellent long-term care benefits. This helps them supplement their lifestyle with their own assets (to improve the quality of their life while alive) and make it more likely that they will have something to pass onto their heirs after they pass away. There are many myths and much misinformation surrounding long-term care Medicaid in New York. To learn more please visit... https://www.frankbrunolaw.com

Here is Frank Bruno's daily dose of elder law. Elder Law attorneys help their clients facing incapacity, paying for long-term care, or settling an estate. Find us on the web! For more information visits my website at https://www.frankbrunolaw.com Schedule a free telephone consultation on our Website at https://frankbrunolaw.apptoto.com// Say Hi on Social: Visit my Instagram page at https://www.instagram.com/frankbrunoesq/?hl=en Visit my Facebook page at https://www.facebook.com/LawOfficeofFrankBrunoJr/ Visit my Linkedin page at https://www.linkedin.com/in/frank-bruno-2aa14799/ Visit my Twitter page at https://twitter.com/_frankbrunolaw Website: https://www.frankbrunolaw.com What we do at our offices: Wills, Trusts, Estates, Powers of Attorney, Nursing Home Medicaid, Long Term Care Planning, Guardianship, Real Property transfers & Probate Frank Bruno, Jr. is an Elder Law and Special Needs lawyer with years of experience handling these types of cases. He is extremely active in the Queens, New York Community, the Queens County Bar Association, and New York State Bar Association and is frequently invited to speak at events about Elder Law. If you'd like to learn more about Elder Law, Medicaid planning, Guardianship, Special Needs Trusts, or Probate law contact the Law Office of Frank Bruno, Jr. today at 718-418-5000. Thank you for listening! Eldercare law is really an umbrella term encompassing multiple areas of law. Some elder care attorneys handle subjects that most people know something about, such as probate, guardianship, estate planning. Other eldercare lawyers focus their practice on other areas of law such as special needs planning, VA benefits planning, and Medicaid planning. So, what is Medicaid planning? Medicaid planning is a way to protect people's assets from the threat of long-term care expenses. Many clients are between 65 and 95, own their own homes, and have between $25,000 and $750,000 worth of assets in addition to the house. What many people don't realize is exactly how expensive long term care expenses can be – In 2020 the average costs of a skilled nursing facility, in New York is $14,250.00 per month. Someone can be solidly middle class or upper-middle class, have saved their whole life, and think that they'll have plenty of money for whatever happens only to suffer a stroke, major heart attack or get an Alzheimer's or Parkinson's diagnosis and need help with their activities of daily living. If they have this six-figure per year care expense, many people spend everything. Medicare does not pay skilled nursing home expenses after 100 days. An elder care attorney, who handles Medicaid planning, is able to legally and ethically protect people's assets to get them qualified for Medicaid. Medicaid, unlike Medicare, has excellent long-term care benefits. This helps them supplement their lifestyle with their own assets (to improve the quality of their life while alive) and make it more likely that they will have something to pass onto their heirs after they pass away. There are many myths and much misinformation surrounding long-term care Medicaid in New York. To learn more please visit... https://www.frankbrunolaw.com

Here is Frank Bruno's daily dose of elder law. Elder Law attorneys help their clients facing incapacity, paying for long-term care, or settling an estate. Find us on the web! For more information visits my website at https://www.frankbrunolaw.com Schedule a free telephone consultation on our Website at https://frankbrunolaw.apptoto.com// Say Hi on Social: Visit my Instagram page at https://www.instagram.com/frankbrunoesq/?hl=en Visit my Facebook page at https://www.facebook.com/LawOfficeofFrankBrunoJr/ Visit my Linkedin page at https://www.linkedin.com/in/frank-bruno-2aa14799/ Visit my Twitter page at https://twitter.com/_frankbrunolaw Website: https://www.frankbrunolaw.com What we do at our offices: Wills, Trusts, Estates, Powers of Attorney, Nursing Home Medicaid, Long Term Care Planning, Guardianship, Real Property transfers & Probate Frank Bruno, Jr. is an Elder Law and Special Needs lawyer with years of experience handling these types of cases. He is extremely active in the Queens, New York Community, the Queens County Bar Association, and New York State Bar Association and is frequently invited to speak at events about Elder Law. If you'd like to learn more about Elder Law, Medicaid planning, Guardianship, Special Needs Trusts, or Probate law contact the Law Office of Frank Bruno, Jr. today at 718-418-5000. Thank you for listening! Eldercare law is really an umbrella term encompassing multiple areas of law. Some elder care attorneys handle subjects that most people know something about, such as probate, guardianship, estate planning. Other eldercare lawyers focus their practice on other areas of law such as special needs planning, VA benefits planning, and Medicaid planning. So, what is Medicaid planning? Medicaid planning is a way to protect people's assets from the threat of long-term care expenses. Many clients are between 65 and 95, own their own homes, and have between $25,000 and $750,000 worth of assets in addition to the house. What many people don't realize is exactly how expensive long term care expenses can be – In 2020 the average costs of a skilled nursing facility, in New York is $14,250.00 per month. Someone can be solidly middle class or upper-middle class, have saved their whole life, and think that they'll have plenty of money for whatever happens only to suffer a stroke, major heart attack or get an Alzheimer's or Parkinson's diagnosis and need help with their activities of daily living. If they have this six-figure per year care expense, many people spend everything. Medicare does not pay skilled nursing home expenses after 100 days. An elder care attorney, who handles Medicaid planning, is able to legally and ethically protect people's assets to get them qualified for Medicaid. Medicaid, unlike Medicare, has excellent long-term care benefits. This helps them supplement their lifestyle with their own assets (to improve the quality of their life while alive) and make it more likely that they will have something to pass onto their heirs after they pass away. There are many myths and much misinformation surrounding long-term care Medicaid in New York. To learn more please visit... https://www.frankbrunolaw.com

Michael Cohen speaks on questions to ask your partner before giving them estate in your home.

In this brief episode, Attorney Landon Hodges and Long-Term Care Planner Tammy Zilske discuss a Life Estate deed, how it works, and when it may be appropriate for someone to utilize as part of their estate planning process. 

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What is a life estate? Tilden Moschetti, Esq. of the Moschetti Law Group in Calabasas, CA (https://moschettilaw.com) answers some of the frequently asked questions he and his estate planning law firm gets from clients. In this FAQ, we talk about life estates. Law students, grumble that they will never see one and don't know why they should learn all about such archaic things happening in the fictitious estate of Blackacre. But as an estate planner, we use life estates fairly regularly. We use life estates to avoid taxes or to avoid creating situations where just the wrong person or the wrong type of people or a class of people end up with the estate. They allow you to make gift to a person for his or her lifetime. Then, on that person's death provide that the property is to go to other beneficiaries - not the beneficiaries of the person who's getting the life estate. This type of gift is most often made in a trust. Hope this was helpful! Connect with the Moschetti Law Group online: Visit the Moschetti Law Group WEBSITE: https://moschettilaw.com Like the Moschetti Law Group on FACEBOOK: https://www.facebook.com/real.estate.and.estate.planning.lawyers Follow @moschettilaw on TWITTER: http://twitter.com/moschettilaw Follow the Moschetti Law Group on INSTAGRAM: https://www.instagram.com/moschettilaw/ About the Moschetti Law Group: Moschetti Law Group is an estate planning and real estate law firm located in Calabasas, California. We believe in your legacy and are committed to growing it and protecting it for you and your family. We built our firm on a set of principles that puts our clients first by providing outstanding representation, aggressive negotiation, and world-class client service and communication. Schedule a consultation to discuss how the Moschetti Law Group can support you and your goals.

In common law and statutory law, a life estate (or life tenancy) is the ownership of immovable property for the duration of a person's life. In legal terms, it is an estate in real property that ends at death when ownership of the property may revert to the original owner, or it may pass to another person. The owner of a life estate is called a "life tenant". In the combined jurisdiction of England and Wales since 1925 a freehold estate intended to be 'held' as a life interest takes effect only as an interest enjoyed in equity, specifically as an interest in possession trust. The other type of land ownership is leasehold and although most long leases are for a period of between 99 and 999 years 'leases for life' will be interpreted in often unpredictable ways as either as a license or a lease. A defeasible estate is created when a grantor transfers land conditionally. Upon the happening of the event or condition stated by the grantor, the transfer may be void or at least subject to annulment. (An estate not subject to such conditions is called an indefeasible estate.) Historically, the common law has frowned on the use of defeasible estates as it interferes with the owners' enjoyment of their property and as such has made it difficult to create a valid future interest. Unless a defeasible estate is clearly intended, modern courts will construe the language against this type of estate. Three types of defeasible estates are the fee simple determinable, the fee simple subject to an executory limitation or interest, and the fee simple subject to a condition subsequent. Because a defeasible estate always grants less than a full fee simple, a defeasible estate will always create one or more future interests. --- Send in a voice message: https://anchor.fm/law-school/message Support this podcast: https://anchor.fm/law-school/support

Reverse mortgages are akin to the Centuries Old principle of a Life Estate or an annuity. A life estate is where typically relatives who live together would pass title to a home, during the life of often an elderly person who owned the home in fee simple, who would then live out his or her life in the home, as if still owning the home. While technically a tenant, the person in a Life Estate would have full access to the home. Reverse mortgages are similar to a Life Estate in that typically elderly persons, who have often built up a lot of equity in their homes, are able to continue to live at the home, without paying a mortgage. So in essence the mortgage is a mortgage loan, using the equity in the property to cover what would otherwise be montly payments needed to cover the loan. The loan is typically due at the sale of the home, or upon the death of the homeowner. Reverse mortgages, like regular mortgages, are subject to foreclosure if found to be in default. The Consumer Financial Protection Bureau sees a lot of loan fraud issues in these types of loans, and the reverse mortgages are based on underlying loans, which if securitized in the early to mid-200s era, and often even before or later than that, have the same fraud-origination and assignment problems as similarly securitized loans. Attorney Marshall is litigating a reverse mortgage lawsuit in California at the moment, and the fraud securitization issues, are in essence identical to non-reverse mortgage situations, as long as the originating loan documents had the typical securitization defects. Marshall will then provide a covid-19 update, with a focus on force majeure issues, specifically how a borrower who was otherwise current on mortgage loan payments, is arguably not in default if the reason for defaulting on payments was solely due to unemployment caused by covid-19 shutdown and lockdown rules. 

In this amazing episode, Mike and Kevin talk with one of the country's best legal advisors Clint Coons. We learn all about estate planning, and why you should probably think twice before passing on your Life Estate to your pets. “An Estate Plan is critical to set up, and you can customize it to fit your needs.”Clint CoonsHere’s a breakdown of what to expect in this episode: HOW TO PROPERLY BUILD AN ESTATE PLANCREATIVE WAYS TO USE YOUR ESTATE PLANHOW TO SAVE TAXES WITH AN OPPORTUNITY ZONE LLCAN OUTSIDE THE BOX STRATEGY TO FIND OFF MARKET DEALSHOW TO DISTRIBUTE YOUR WEALTH PROPERLY TO CHILDRENSpecial References and Episode LinksFavorite BookClint’s BookAnderson Advisors and ADPI have joined forces to provide all of our listeners with an amazing offer worth $750! Protect yourself and your assets with this 30 minute 100% FREE Strategy Session with a top tier real estate attorney today!Love ADPI? Need a loan for your next project? Look no further! Check out ADPI Financial Services for all of your lending and financial needs! No Time...No Worries! Get the info you need now by texting DEAL to 33777 Connect with the ADPI: Facebook | Instagram | YouTubeSchedule a FREE Freedom Coaching Call with MikeTo learn how to use your VA Loan to create wealth and invest in real estate while in the military take our VA Loan Mastery CourseTo find out how you can build $10,000 a month in Passive Income while investing in the military check out This VideoReady to TAKE ACTION and begin building your cash flowing real estate empire? Don’t go it alone! Check out our exclusive education and coaching products designed for self-starters like the Military Real Estate Investing Academy and Operation A.T.O.M. [Action Takers Only Mastermind]! PLEASE Subscribe & Review The Active Duty Passive Income PodcastSupport the show (https://www.patreon.com/adpi)

a life estate explained so you can pass your real estate exam! https://www.prepagent.com/

What is a life estate in property? -- I love comments. I make these videos specifically to help people with no expectations. Please take a second and say ‘Hi’ in the comments and let me and know what you thought of the video… and p.s. It would mean the world to me if you hit the subscribe button.

In Episode 41 of the Eminent Domain Podcast,  we have the first round of interviews from the ALI CLE national Eminent Domain Conference in Nashville, Tennessee.  Joining the podcast are law students Benny Zhang, Andrew Parslow, Kelsey Abell, Kacie Couch, and Joe Melton.  It was a great pleasure to speak to each of them.   I also discuss a recent case from the Texas Supreme Court - Copano Energy v. Stanley D. Bujnoch, Life Estate.

Is it time for you or your loved one to move in with family members and sell your home? It’s not an easy decision to sell your home and create a new space in a relative’s home, but many times it is the best decision an aging person can do. If that is your plan, don’t overlook proper planning of the sale proceeds from the home with an eye towards Medicaid Planning. If long term care needs beyond family care is a possibilty, consider speaking with an elder law attorney about implementing a plan that involves purchase of a life estate in the relative care giver’s home. -- I love comments. I make these videos specifically to help people with no expectations. Please take a second and say ‘Hi’ in the comments and let me and know what you thought of the video… and p.s. It would mean the world to me if you hit the subscribe button.

Check out our Charlotte Office located on thr corner of W. 7th St. and N. Tryong St. 10th Floor! There are plenty of afforable on street parking. We are super excited to reach out to the Charlotte community. #theelderlawguy #lawyergreg #estateplanning #savingthefarm #vetbens #hometownheroes #assetprotection #planning #protection #living #healthy #howto #pay #pay #retirementsavings #reach #medicaid #longtermcare #birthdays #parks #episode #nursinghomes

Carey talks about Life Estate

Lady Bird Deeds can present an interesting option for preserving your home and property from a Medicaid lien and passing it to your children and grandchildren.