MORE ABOUT LIFE ESTATE
Life Estates Work for Spouses Too
The life estate can last for your life or based on your life and that of another person, such as a spouse or loved one.
It is possible for you to make a gift of your property even though there is a mortgage upon the residence.
You will be responsible for the maintenance, insurance and taxes on the property, just as you were prior to creating the life estate.
Life Estate Are Flexible
If, at some point in the future, you are no longer able to live independently in your home, we may be able to help you use your life estate to create a lump sum cash payment (with a joint sale) or create an income stream (using the life estate to fund a charitable remainder trust or charitable gift annuity).
To learn more about a life estate, please contact us. We would be happy to assist you and answer your questions.