Latest / The Financial Exchange Show
Life Estates Explained: What Most People Get Wrong
In this week’s Ask Todd, Todd Lutsky of Cushing & Dolan breaks down the pros and cons of life estates — one of the most commonly used, and commonly misunderstood, estate planning tools. Todd explains what a life estate actually does, the loss-of-control issues many families don’t anticipate, and why selling a home with a life estate can become more complicated than expected.
He also outlines when life estates may make sense — and when an irrevocable trust may be the better alternative.
Listeners also asked: • Is there a tax-efficient way to protect an IRA from Medicaid?
• How the SECURE Act…
The skinny
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