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Hear this out loud PauseAn additional potential problem with a Life Estate is that it does not offer creditor protection to the beneficiary, so if the heir has a debt or is sued, the creditor or court can come after the house. As you can see, a traditional Life Estate has the potential to create major conflict within a family.

Hear this out loud PauseIn addition, life estates allow the owner to control the property in all respects, except that they cannot sell or mortgage the property without the consent of their heirs. If created in a timely manner, a life estate can even help its creator qualify for Medicaid assistance.

Hear this out loud PauseBoth the life tenant and remainderman can sell their respective rights to a buyer. But the buyer must adhere to those rights. For example, if you bought the life estate from someone, you would have the right to use the property. Still, upon their death, all the property rights would transfer to the remainderman.

Hear this out loud PauseThe person holding the life estate ? the life tenant ? possesses the property during his or her life. The other owner ? the remainderman ? has a current ownership interest but cannot take possession until the death of the life estate holder.

Typically, drivers must report the accident to law enforcement as quickly as possible, although there is no specific statutory time limit. It is best to contact law enforcement immediately if possible. A written report might be required to the Department of Safety within 20 days of the crash.

If you are involved in a collision, stop your car at or near the collision scene. If you can, move your car off the road so you do not block traffic. Protect yourself and others from oncoming traffic. Failure to stop at the scene of a collision in which you are involved can result in your arrest warrant.