Legal Question in Wills and Trusts in Louisiana
trust
Can an aging parent give their home to a child and maintain the use of the home until they die. If so , Can they still sign homestead exemtion on said home if the child owns a home already?
Asked on 1/29/06, 4:02 pm
1 Answer from Attorneys
James Maguire
James G. Maguire, Attorney At Law
Re: trust
A parent can donate a home to the children and retain a right of use until death, but the parent would ne longer be eligible for the homestead exemption.
Answered on 1/29/06, 7:19 pm
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