[WSBARP] Terminating Life Estate

[Jeanne Dawes]

Tim,

If Medicaid is in the picture anytime in the next 5 years, I believe DSHS considers termination of the life estate is a gift of the value of the life estate.  If Medicaid is not in the picture, ditto what Britt said.

Jeanne

Jeanne J. Dawes
Attorney at Law
Gore & Grewe, P.S.
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jjdawes at goregrewe.com<mailto:jjdawes at goregrewe.com>

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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Britt, Christopher
Sent: Monday, June 12, 2023 9:55 AM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: Re: [WSBARP] Terminating Life Estate

A quitclaim deed would do the trick :). You can add language to address specifically why the qcd is being given (e.g. the grantor herein is executing this deed for the express purpose of transferring all right, title and interest in the property including the life estate granted by instrument ____________ ...")

Christopher G. Britt, M.A., J.D.
Attorney at Law
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On Mon, Jun 12, 2023 at 9:53 AM Timothy Lehr <timothy at stileslaw.com<mailto:timothy at stileslaw.com>> wrote:
All,

Owner of life estate would like to voluntarily terminate the life estate as she no longer resides at the property in question and is moving to full-time nursing home. Would anyone have a template deed or conveyance document that terminates a life estate? This is my first time addressing this issue.

Thanks,

Timothy C. Lehr
Attorney & Partner

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