To receive Medicaid coverage for nursing home care, you must fill in an application for Medicaid. You can receive more information about Medicaid from your local government; the office that administers it is often called the department of human services or social services.
estate for years. Definition. An interest for a certain exact period of time in property leased for a specified consideration.
A life estate is the right to the possession, use and income from a property for the duration of one's natural life. That person cannot leave the property to anyone else in their will. After the life estate holder's death the life estate is extinguished and the property is owned by the fee owners (or remainders) free and clear of the life estate. There are different methods used to create a life estate in different states.