[Norm K]

It looks as though my mom might need to sell her home and move in us so I've been trying to bone up on how we might protect her assets (as in, keep the government's hands off of what she and my late father worked for) and discovered the Life Estate. On the surface anyway, the Life Estate appears to be a tool by which she can use the proceeds from the sale of her home to purchase a percentage of mine in exchange for the legal right to remain in my home for the rest of her life. Then, upon her passing (at 85 and in relatively good health, we hope that's still a decade or more out) the investment she made in my home becomes mine, avoiding any probate proceedings in the process.

As in everything where the government is - or could potentially be - involved, I suspect it's not as simple as I'd like to hope and would like to know more.

Given the knowledge base in PPOT I'm guessing there's some pretty solid insight to be had here.

Thanks!

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