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Explore how a life estate divides real estate interest, not just by parcels, but by time. This legal arrangement affects property ownership for a life tenant. Learn more about estate planning today! https://www.heritagelawwi.com/ Wills, Trusts, Medicaid Planning, Probate, and Other Estate Planning Needs. NO LEGAL OPINION NOTICE: Information contained in any content is not a substitute for a personal consultation with an attorney. This content is not intended to provide any legal advice or imply an attorney-client relationship and is not deemed to contain the signature of the creator/uploader or any other party. The creator/uploader takes no responsibility for reliance on this message by anyone without specific, actual and not implied, independent authorization by the creator/uploader. 0:00 Introduction 0:05 What is a Life Estate? 0:51 Why Do People Use a Life Estate? 1:40 How are Life Estates Used? ? 2:47 Can I Sell a Life Estate? ? 3:49 Is a Life Estate Right for Me? 4:37 What are Alternatives to a Life Estate? 5:13 Life Estate vs Will 6:16 What is the Value of a Life Estate?