Q: Several years ago, my father conveyed title to his home to the children and retained a life estate. He recently indicated that he would like to sell the home. What are the tax consequences if he ...

People use life insurance trusts to avoid estate taxes on insurance proceeds. In this article, we’ll tell you about the different kinds of trusts, how they work, and more.

I’m trying to determine the value of an interest in real estate in a complicated scenario. The original owner died without a will. He had been married two times, and his second wife is selling ...

A retained life estate is a gift plan defined by federal tax law allowing the donation of a personal residence (to include a vacation home) or farm with the donor retaining the right to life enjoyment ...

While the value of your home is unusual, the idea of transferring a home to children in trust is not. Doing so can offer them divorce, creditor and tax protections as well as provide a mechanism for ...

1) the property owner (grantor) retains life estate while granting to someone else (grantee) the remainder interest, and 2) the grantor retains the legal right to rescind the remainder interest to ...

Therefore, with careful planning, you can prevent the emotional and even family-destroying fights that can happen with some ...