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Siblings confused about logistics of deceased mother’s life estate
Q: My mother died in 2021, and she created a life estate where my two sisters and I were listed on the deed. Initially we thought we were just added to the deed, but we discovered the information about the life estate recently (we still haven’t sold the house).
We are now in the process of trying to sell the house and are confused about the ...Read more
Reader emphasizes the importance of thorough estate planning
Reader comment: I read your recent article on wills and trusts. To add gilding to the lily, as my late father used to say, I wanted to add some thoughts to your column.
We had a trust set up and the preparer gave us a three-ring notebook with the trust docs, will, powers of attorney, etc. I scanned the documents and created a DVD for each of ...Read more
Senior considers selling home, living in a retirement community
Q: I am a senior citizen. I’m thinking ahead to a time where I might consider selling my house and moving into a retirement community.
Can you tell me what to look for in a retirement community? I have heard disturbing stories where the retirement community filed for Chapter 11 because they had financial difficulties. I’ve also heard that ...Read more