Thanks Mike, I Love to hear from co counsel on these questions, looks like were on the same page. I wish we had been able to meet the last time I was in your neighborhood when going to Crater Lake, (The MOST beautiful lake in the world) maybe next time.....
Same as you, I do the Life Estate thing with elderly parents for medicaid planning (the value of a Life Estate for an 85 yo aint all that much), but didnt get into it here. To do my own I might considerable a NON Revocable Trust as I understand it can be better for Medicaid purposes.
I tell my clients I can do a Trust at a lower price then the Holiday Inn bunch but NO LUNCH AND NO LEATHER FOLDER and they seem to prefer that???
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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