Feb72023

What is a life estate deed?

A life estate deed is a way to transfer ownership of real (tangible) property. This deed is legal documentation that alters the ownership of a piece of real (tangible) property. The person that owns the real property (in this instance, Dad) signs a deed that is going to pass the ownership of the property systematically…

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Feb72023

Legatee, heir, beneficiary and devisee: What are the differences?

A fast guide to the terminology of inheritance to assist you in making sense of who is who in an estate plan. The law has many various terms for individuals that inherit property from a deceased individual’s estate, some which are “beneficiary,” “legatee,” “devisee,” and “heir.” To make matters even more complex, the use of…

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