<div dir="ltr">
<p class="gmail-MsoNormal">The plan is for the daughter to move in with her and take
care of her so that she doesn’t have to move into an assisted living
facility.<span> </span>Since she’s in her late 60s,
she’s not expecting to meet Mr. Right, but you never know.<span> </span>I’ve explained to her that if she wants to
sell the house later on, she would need her daughter’s consent.<span> </span>I also explained that her daughter’s
creditors could reach the house, but again, she doesn’t think this will be a
problem.</p>
</div><div class="gmail_extra"><br><div class="gmail_quote">On Mon, Dec 18, 2017 at 3:16 PM, Marcus Fry <span dir="ltr"><<a href="mailto:mfry@lyon-law.com" target="_blank">mfry@lyon-law.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div dir="ltr">
<div>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>
</div><span class="">
<br>
<br>
-------- Original message --------<br>
From: Josh Grant <<a href="mailto:jgrant@accima.com" target="_blank">jgrant@accima.com</a>> <br>
Date:12/18/2017 2:46 PM (GMT-08:00) <br>
To: WSBA Probate & Trust Listserv <<a href="mailto:wsbapt@lists.wsbarppt.com" target="_blank">wsbapt@lists.wsbarppt.com</a>> <br>
Cc: <br>
Subject: Re: [WSBAPT] life estate <br>
<br>
</span><div><div class="h5"><div>
<div dir="ltr">
<div style="font-size:14pt;font-family:'Calibri';color:#000000">
<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>
<div style="font-size:small;text-decoration:none;font-family:"Calibri";font-weight:normal;color:#000000;font-style:normal;display:inline">
<div style="font:10pt tahoma">
<div> </div>
<div style="background:#f5f5f5">
<div><b>From:</b> <a title="rachel.edmiston@gmail.com" href="mailto:rachel.edmiston@gmail.com" target="_blank">
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" target="_blank">
WSBA Probate & Trust Listserv</a> </div>
<div><b>Subject:</b> [WSBAPT] life estate</div>
</div>
</div>
<div> </div>
</div>
<div style="font-size:small;text-decoration:none;font-family:"Calibri";font-weight:normal;color:#000000;font-style:normal;display:inline">
<div dir="ltr">
<p class="m_216170708910174992gmail-MsoNormal">Hi,</p>
<p class="m_216170708910174992gmail-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="m_216170708910174992gmail-MsoNormal">Thank you,</p>
<p class="m_216170708910174992gmail-MsoNormal">Rachel Edmiston</p>
<br clear="all">
<br>
-- <br>
<div class="m_216170708910174992gmail_signature">
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<div><font color="#888888">
<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>
</font></div>
<font color="#888888">Mill Creek, WA 98082<br>
</font></div>
<font color="#888888">T: <a href="tel:(425)%20945-6333" value="+14259456333" target="_blank">425-945-6333</a><br>
</font></div>
<font color="#888888">F: <a href="tel:(425)%20272-4294" value="+14252724294" target="_blank">425-272-4294</a><br>
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