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 deed with a lifetime estate, or life estate, is a form of co-ownership of real estate between a life tenant and a remainderman. The life tenant is entitled to occupy and use the property during his lifetime. When the life tenant passes, the life estate terminates, and the remainderman acquires full title to the property. A life estate can be used for several purposes, including avoiding probate.