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Jadinah Naomi GustaveReviewsout of 4 reviews Jadinah Naomi GustaveClients’ ChoiceAward 2022
Jadinah Naomi GustaveReviewsout of 4 reviews Jadinah Naomi GustaveClients’ ChoiceAward 2022
 

What are the Benefits of Owning a Life Estate?

When people think about estate planning, life insurance and wills are typically the first things that come to mind. However, there is another option that can be just as effective – a life estate. A life estate is a legal agreement in which a property owner transfers ownership of a property to another person for the duration of their lifetime. This can be a great option for those who want to avoid probate and ensure their heirs receive the property when they die. In addition, a life estate can also provide some tax benefits. What is a Life Estate? A life estate is...

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Pros and Pitfalls of a Ladybird Estate

The Ladybird Estate got its delightful name after the late wife of President Lyndon B. Johnson, Ladybird Johnson. Her real name was Claudia Alta, and her late husband’s bequest of their homestead set the stage for the nickname of an estate planning document also dubbed the “Life Estate.” But what exactly is a life estate, and should you be using one to avoid probate?  What is a Life Estate? Whenever someone deeds a property to another, they can do so in several ways. First, they can opt to grant the receiver everything - the whole package, so to speak. This is what...

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