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Warranty Deed to Child Reserving a Life Estate in the Parents Pennsylvania Form

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Warranty Deed to Child Reserving a Life Estate in the Parents Pennsylvania Form

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are you anxious and confused about whether to use a Life Estate Deed or a trust for your property well it's time to put an end to those sleepless nights and get clear answers so hang tight the answer might surprise you I'm a state planning attorney Mike Smith with Smith Barrett LLC and on one half of the estate planning guys [Music] now the first thing we need to do is to Define what we mean by the terms Life Estate Deed and Trust in this case and we're going to talk about a special type of trust so a Life Estate Deed is an interest in property during your lifetime that passes to another individual when you die so in property law when we own all of the rights to a property it's called a fee simple estate and we can give that fee simple estate to someone else by signing a deed we can give them that property or we can give them a portion of the rights to the property and a Life Estate Deed is a way to give someone else a portion of the right to the propert

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