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Virtual Online Support Group.
An Alzheimer's Association approved support group.
(click to go to the Alzheimer's Association's web site.)
Alzheimer's and Related Disorders Support Group
Alzheimer's and Related Disorders Support Group
Estate Planning
Life Estate






New Member

Posted
Even more tragic, her husband had not remove his oldest son from all finanancial accounts (joint accounts). His son quickly cleaned them out leaving his father a poor man and, leaving my mother victim as well. (There is, of course, much to this story.)
This son actually spread his father's ashes into the ocean without letting my mother know so she could at least be present. He loved my mother so very much. He was a wonderful replacement for my deceased Father.
My mother and I are now victims to our ignorance of life estate law.
Help!!!
Posts: 1 | Location: Ohio | Registered: Sun May 09 2004 

Twenty Plus Circle


Posted
A typical creation of a life estate in a deed goes like this: To Mary Smith, for life, remainder to Stan Smith.
In a different context, a life estate is automatically created when a spouse dies leaving a survivng spouse behind. With or without a will the survivng spouse, in Florida, has a life estate in the home that husband and wife lived in prior to his death, should she not be a co-owner of the home.
Sean W. Scott, Esq.
Florida Elder Law Attorney
Posts: 53 | Location: St. Petersburg, FL | Registered: Mon September 22 2003 

New Member

Posted
My dear grandmother was put into a nursing home 1.5 years ago. It has come as a shock to us all and it has everyone else on this board as well.
She has been diagnosed with Alzheimers/Dementia.
My father doesn't want her house to sit empty as it is she can never go back home. She cannot walk or eat hard food and the prognosis is that it will get worse.
My father wants me to move into her home. Mainly because he fears having to rent the property to make sure it's kept up. As it is he has done over 15k worth of renovations so far. It seems like a great deal. I am happy to occupy this house with many great memories. I will be selling my house and moving into the house if all works out as planned. I have a problem with waiting. I sound awful don't I? I don't know what the laws are in NC. I have liked having control over my own current home because of ownership.
My father states he couldn't break the Life Estate until she dies. I have always been a cut and dry person with regards to things being out in the open. Maybe I need to think this through. There is a part of me that wants to push the issue and a part of me that doesn't want to. If someone can tell me I CAN'T break the Life Estate even though she is no longer living there, I'll drop it.
Need some help.
Posts: 1 | Location: nc | Registered: Wed April 05 2006 

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