This post discusses the difference between a life estate and an enhanced life estate. These are essential estate planning and Medicaid planning tools, but enhanced life estates are available everywhere. What is a Life Estate? A life estate is created when you give your property to another person, but during your lifetime you retain the …
What is a Power of Attorney
A question I sometimes get is, “What is a power of attorney?” A power of attorney is a document that allows somebody to act as your agent, in your place. Think of it as somebody basically taking a wooden stick with a picture of your face on it and putting it in front of somebody …