Attorney David Ceruolo speaks about: Is Life Estate same as Trust? Are Trust and Life Estate same thing...or...Are Life Estate and Trust same thing? Are Trust and Life Estate same? How are Trusts different from Life Estates? Compare Trust with Life Estate...or...compare Trust to Life Estate...and...Life Estate vs. Trust what's the difference? David works to show: Trust and Life Estate compared. First, Dave explains what life estate means. Then, Dave Ceruolo defines what is the meaning of trust. David then describes how does life estate work; and - is a trust important in estate plan. Then, why is a Trust important in estate plan. Why is Life Estate Important? What does Life Estate do? Why create Life Estate? Compare Life Estate with Trust...or...Compare Trust and Life Estate
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What is a Life Estate
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Will and Trust compared
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Revocable Trust vs Irrevocable Trust
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Irrevocable Trust Defined
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Revocable Trust explained
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Testamentary Trusts explained
Life Estate defined:
A life estate is a form of joint ownership that allows one person to remain in a house until his or her death, when it passes to the other owner. Life estates can be used to avoid probate and to give a house to children without giving up the ability to live in it. They also can play an important role in Medicaid planning.
Trust defined: Is Life Estate same as Trust?
A trust is a fiduciary relationship in which one party, known as a trustor, gives another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary. Trusts are established to provide legal protection for the trustor’s assets, to make sure those assets are distributed according to the wishes of the trustor, and to save time, reduce paperwork and, in some cases, avoid or reduce inheritance or estate taxes.
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#davidceruolo #daveceruolo #ceruololaw #ceruoloandassoc #realestate
#realA life estate is a form of joint ownership that allows one person to remain in a house until his or her death, when it passes to the other owner. Life estates can be used to avoid probate and to give a house to children without giving up the ability to live in it. They also can play an important role in Medicaid planning.estateattorney #realestatelawyer #melroserealestate #buyhomes #sellhomes #peabodyrealestate #melroserealestate #wakefieldrealestate #saugusrealestate #danversrealestate #middletonrealestate #maldenrealestate #revererealestate #eastbostonrealestate #lynnfieldrealestate #probate #probatelawyer #probateattorney #probatelaw #probateestate #melroseprobate #saugusprobate #peabodyprobate #wakefieldprobate #woburnprobate #lynnfieldprobate #stonehamrealestate #stonehamprobate #readingprobate #readingrealestate #woburnrealestate #winchesterprobate #winchesterrealestate #elderlaw #elderlawattorney #elderlawlawyer #melroselelderlaw #peabodyelderlaw #wakefieldelderlaw #woburnelderlaw #stonehamelderlaw #readingelderlaw #revereelderlaw #middletonelderlaw #middletonprobate #estateplanning #estateplanningattorney #estateplanninglawyer #melroseestateplanning #peabodyestateplanning #wakefieldestateplanning #stonehamestateplanning #saugusestateplanning #revereestateplanning #woburnestateplanning #winchesterestateplanning #beverlyestateplanning #danversestateplanning #sellhouses #buyhouses #massachusettsrealestate #massachusettsprobate #massachusettselderlaw #massachusettsestateplanning #elderlawattorneymassachusetts #realestateattorneymassachusetts #estateplanningattorneymassachusetts #probateattorneymassachusetts
Is Life Estate same as Trust? Are Trust and Life Estate same?
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