Life Estate Trust at Life

Life Estate Trust. Trusts are just one way of dealing with properties, and if you prefer the life estate method, you're free to tell people to use it. A life tenant may treat an asset as his or her own.

Helen later conditioned the life estate to require her husband to live continually in the house by himself following her death. A life estate deed is by far the easiest way to go. A deed also trumps a will (i know this from personal experience).

Planned Giving Southern Oregon Goodwill

Living trusts can either be revocable or irrevocable. Life estates in an estate plan many couples also consider using a life estate to protect their homes, rather than transferring property into a trust. The trust, rather than the settlor, becomes the home's owner. A settlor can use a living trust as a mechanism to transfer his or her home to relatives, while still living there until death.