Buying a Home That Has a Life Estate

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Quoting llworking

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I see another possible wrinkle here. If she is being denied Medicaid because her assets have not been totally spent down and liquidated (the remaining value of her life estate) then that could be a factor in this whole mess as well. The OP certainly would not be aware of that if it was the case, but its a more than valid possibility.

I really hope that there is a POA out there that can sign off on this sale if that is the case. Not for the sake of the OP, but for the sake of the 95 year old woman.

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I would hope not given she has outlived the most lenient actuarial tables. In truth there is no actual value to her life estate

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taxing matters:

i think we have reached a basic agreement on the matter.