January 30, 2025 Virtual Dinner Meeting

Virtual Dinner Meeting

Thursday, January 30, 2025 at 7:00PM

(This program will be recorded\.)

Life Estates Demystified:

Essential Insights for Elder Law Attorneys

Are you fully leveraging life estates in your elder law practice? Life estates offer powerful tools for protecting assets and ensuring peace of mind, but the details can be complex. Join us for this must-attend program to gain an in-depth understanding of life estates and how they can elevate your estate planning strategies.

What You’ll Learn:

• Proper Creation: Understand the distinctions between granted and reserved life estates and ensure proper drafting every time.
• Conveyance vs. Release: Learn how to effectively convey a life estate.
• Liens and Sales: Navigate the intricacies of lifetime liens, selling during the life tenant’s lifetime, and addressing sales post-mortem.
• Valuation: Master the valuation of life estates for estate planning and tax purposes.
• MassHealth Treatment: Analyze how life estates in primary residences and other properties are treated under MassHealth rules.
• Right to Occupy vs. Life Estate: Compare and contrast these two approaches to determine what’s best for your clients.
• Life Tenant Obligations: Identify additional language to include (or exclude) regarding a life tenant’s duties and obligations.
• Life Estates with Trusts: Explore how life estates interact with trust planning.

Don’t miss this opportunity to enhance your expertise and provide even greater value to your clients. Register now and join us to unravel the complexities of life estates and their application in elder law practice!

Presenters

Attorney Karen A. Adamski has worked as Massachusetts Title Counsel for CATIC since 2022. Prior to joining the CATIC team, she operated a solo private practice in Easthampton, Massachusetts where she focused on residential real estate, small estate planning, and probate administration. Karen holds a Bachelor of Arts Degree from Westfield State College, a Master of Business Administration Degree from American International College, and her Juris Doctor from Western New England University School of Law. She is a member of the Real Estate Bar Association of Massachusetts and the Hampden County Bar Association. Karen is admitted to practice in Massachusetts.

Attorney E. Spencer Ghazey-Bates specializes in elder law, often meeting with both the elders and their children, assisting with financial planning and guidance to secure family assets in the event that an individual needs nursing home care.  Attorney Ghazey-Bates guides families through asset preservation strategies, provides guidance as to available care options, and assists in the preparation of benefit applications.