Each case is different, but here is a simple test
to see if a
Life Estate Deed with a Changeable Remainder Interest Deed may
be recommended for you.
| Score | ||||
| Your Age | 40 - 50 |
50 - 70 |
Over 70 |
|
| Do you intend to sell your home within the next 10 years? |
Yes |
No |
|
|
| Do you want your home to pass outside of Probate? |
No |
Yes |
|
|
| Do you have a low tax basis compared to the present fair market value in your home? |
No |
Yes |
|
|
| Do you completely trust the remaindermen and their spouses to give you back the remainder interests if necessary? |
No |
Yes |
|
|
| Do you want to try to protect the home from nursing home costs? |
No |
Yes |
|
|
| Scoring 0-3 Not Recommended 4-5 Recommended 6-10 Highly Recommended |
Total Score |
|||
Click here for more information on CHANGEABLE REMAINDER INTEREST DEEDS