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<div style="">Josh,<br>
Neither will she with a transfer on death deed. <br>
Rachel,<br>
I think you need a better understanding of client's goals. What if your client wants to move into an assisted living facility? Does she have other resources to pay for it? What if she meets the man of her dreams and she wants to sell and move away with him.
With a life estate, she has no authority to direct the sale of house. Lastly, what if her daughter has creditor or marital issues, does she want the house exposed to those?<br>
Marcus Fry<br>
Lyon, Weigand & Gustafson P.S.<br>
Yakima, Wa.<br>
<br>
<br>
<br>
Sent from my Samsung Galaxy smartphone.<br>
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-------- Original message --------<br>
From: Josh Grant <jgrant@accima.com> <br>
Date:12/18/2017 2:46 PM (GMT-08:00) <br>
To: WSBA Probate & Trust Listserv <wsbapt@lists.wsbarppt.com> <br>
Cc: <br>
Subject: Re: [WSBAPT] life estate <br>
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<div><font size="4">Clients will not start the 5 year waiting period for Medicaid eligibility as to this asset if they retain a life estate.</font></div>
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<div style=""><b>From:</b> <a title="rachel.edmiston@gmail.com" href="mailto:rachel.edmiston@gmail.com">
Rachel Edmiston</a> </div>
<div><b>Sent:</b> Sunday, December 17, 2017 1:44 PM</div>
<div><b>To:</b> <a title="wsbapt@lists.wsbarppt.com" href="mailto:wsbapt@lists.wsbarppt.com">
WSBA Probate & Trust Listserv</a> </div>
<div><b>Subject:</b> [WSBAPT] life estate</div>
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<p class="gmail-MsoNormal">Hi,</p>
<p class="gmail-MsoNormal">One of my clients wants to give her house to her daughter and retain a life estate for herself.<span>
</span>I thought this was done by filing a quit claim deed that retained a life estate, but I’m having a hard time finding a sample. Do any of you have one I could use as a guide?<span>
</span>I’d also appreciate any helpful tips you might have or warnings about pitfalls as I’ve obviously never done this before.</p>
<p class="gmail-MsoNormal">Thank you,</p>
<p class="gmail-MsoNormal">Rachel Edmiston</p>
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<div><span style="color:rgb(56,118,29)"><span style="background-color:rgb(243,243,243)"><span style="font-family:garamond,serif">Rachel Edmiston,
<br>
</span></span></span></div>
PO Box 13738<br>
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<font color="#888888">Mill Creek, WA 98082<br>
</font></div>
<font color="#888888">T: 425-945-6333<br>
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<font color="#888888">F: 425-272-4294<br>
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