Ask Todd: Life Estates vs. Trusts; What You Don’t Know Can Cost You episode artwork

EPISODE · Mar 18, 2026 · 16 MIN

Ask Todd: Life Estates vs. Trusts; What You Don’t Know Can Cost You

from The Financial Exchange Show · host The Financial Exchange Network

On this week’s Ask Todd, Todd Lutsky explains why life estates can create serious tax, creditor, and control problems—and why an irrevocable trust is often the better solution for protecting your home.He also answers listener questions on updating a revocable trust in your 90s, protecting rental property from the five-year lookback, and what happens when your assets grow beyond the Massachusetts estate tax exemption.Download Todd’s free guide, The Calculating the Consequences of a Life Estate, to understand the risks before you sign anything.

On this week’s Ask Todd, Todd Lutsky explains why life estates can create serious tax, creditor, and control problems—and why an irrevocable trust is often the better solution for protecting your home.He also answers listener questions on updating a revocable trust in your 90s, protecting rental property from the five-year lookback, and what happens when your assets grow beyond the Massachusetts estate tax exemption.Download Todd’s free guide, The Calculating the Consequences of a Life Estate, to understand the risks before you sign anything.

NOW PLAYING

Ask Todd: Life Estates vs. Trusts; What You Don’t Know Can Cost You

0:00 16:16

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

Frequently Asked Questions

How long is this episode of The Financial Exchange Show?

This episode is 16 minutes long.

When was this The Financial Exchange Show episode published?

This episode was published on March 18, 2026.

What is this episode about?

On this week’s Ask Todd, Todd Lutsky explains why life estates can create serious tax, creditor, and control problems—and why an irrevocable trust is often the better solution for protecting your home.He also answers listener questions on updating a...

Is there a transcript available for this episode?

Yes, a full transcript is available for this episode. You can read the complete transcript on the episode page.

Can I download this The Financial Exchange Show episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.
URL copied to clipboard!